NIFTY 50 couldn't break the trendline and is looking weak with an evening star pattern on the weekly timeframe.
With HDFC Bank and INFY results missing estimates slightly, this can add to the trend.
One can short once an hourly candle closes under 17420 for Targets of 17350,17250 and 17030 with and SL of 17560 giving a RR of 1:3.
With HDFC Bank and INFY results missing estimates slightly, this can add to the trend.
One can short once an hourly candle closes under 17420 for Targets of 17350,17250 and 17030 with and SL of 17560 giving a RR of 1:3.