Today Nifty Spot & Bank Nifty Futs both formed gravestone doji candle on daily charts. In next 1-3 sessions, Nifty spot below 7630, will tgt 7550 & abv 7710, Tgt 7790. Bank Nifty Fut below 15000, tgt 14800 & abv 15250, Tgt 15450.
I feel tmrw either of these high / low will be taken out, setting either side momentum for next week. Gravestone Doji candle pose more often than not bearish implications. So lets keep our fingers crossed.
Regards,
Mayur K Patel
Branch Manager,
Sharekhan Ltd,
Ghatkopar Branch, Mumbai.