NSE:NIFTY   Nifty 50 Index
117 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.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out