We could see that Nifty was unable to close on a positive note today showing chances of a reversal in trend. The channel is being continued even in Gift Nifty as well. Although, the market is waiting for Bullish Budget day announcements, the charts show a negative move. The FII's are also putting Bearish pressure by net Selling their Holdings once Nifty reaches...
I guess 34800 pattern could be taken as a Double Top situation for Dow Jones and only a breakout above it would take Dow Jones back to its previous levels of 35000 and above.
