NSE:NIFTY   Nifty 50 Index
114 0
Nifty has formed a big Bearish Engulfing candle on Friday in the daily chart engulfing the last 6 candles, which makes it all the more effective. But, this candle has been formed at the Gap support.

My opinion is that even if the low of the bearish engulfing breaks, I would not short it as such gaps do work as support and I will not be comfortable shorting it when it is running into a support.

My view- Not creating any fresh positions in nifty as now.
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