Is Nifty going to fall around 200 points ? here is the analysis.

NSE:NIFTY   Nifty 50 Index
As we can see on 06th Oct Nifty made bearish engulfing candlestick pattern on daily TF, The level between 17881-17768 is crucial to decide the momentum of the market if the resistance 17881 breaks and sustain for about 15 min then we can expect up move in the market, but if 17768 Support will break then the market will fall up to 17550 levels to fill the previous gaps.

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