Technical Indicators Back to Sell mode.

Nifty formed Bearish Engulfing pattern in daily charts and today in bearish continuation pattern.
Banknifty yesterday formed Doji near 200dma and today it formed Evening star formation.
Both indicating that short term bounce has ended yesterday and down move to continue from hereon.
10900 in nifty crucial for bulls.
Keep strict stoploss to long positions.
Regards,
Suryadev Bandari
Research Analyst.

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