Tech View: Nifty50 Forms Bearish Engulfing Pattern, 10,620 Level Key
2018-06-06, By: System Administrator
The bulls were at the receiving end on monday. Their comeback attempt went in vain, and the nifty50 ended the session at the days low. In the process, the 50-pack index formed a bearish engulfing pattern on the daily chart.
A breach of the 10,600-620 range in the coming session may further weaken the technical outlook for the index. On the other hand, the 10,770 level proved too strong a hurdle and may remain so over the next few sessions.
For the past three sessions, the nift ..