NIFTY : IS HISTORY REAPETING ?
As said yesterday nifty, if there is gap down then Abdon baby pattern is confirmed , but looking at todays on going candle stick pattern it seems to be evening star pattern. ( not completed). Evening star pattern is formed when index/stock opens at yesterday close and continue its journey down wards. It is also a reliable pattern. Nifty can move up also tomorrow or day after. Bu point to be noted is Nifty is in process of making Top. Given to go short below 18550 which is triggered. SL will be yesterdays high. with trailing SL of 100 points. SUPPORT COULD COME NEAR GREEN UPTREND LINE.
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