Few formations making me think that a correction has started:
1. Drying up volumes with the rising Index
2. Bearish engulfing pattern formed on daily chart few days back
3. Downward sloping channel broken down today
4. Nifty trading below 50 DMA.
Once support zone of 9590-95 is taken out, we could be headed to 9520-25 level as target 1.
1. Drying up volumes with the rising Index
2. Bearish engulfing pattern formed on daily chart few days back
3. Downward sloping channel broken down today
4. Nifty trading below 50 DMA.
Once support zone of 9590-95 is taken out, we could be headed to 9520-25 level as target 1.