ssen
Short

Panic market crash may be seen ahead of Ayodhya verdict

NSE:NIFTY   Nifty 50 Index
Nifty developed an 'evening star' pattern in daily chart , which is a very strong bearish signal. Ahead of Ayodhya verdict, market is selling off from the strong selling zone near all time high. There is a strong possibility of an extreme volatile market in the coming days due to the high sensitivity of the issue.

If price breaks the blue trendline , I am anticipating a downward rally till price reaches the strong buy zone as marked in the chart.
Also, a clear bearish divergence in MACD histogram has developed in daily chart of Nifty
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