Technical View | Nifty forms bearish Engulfing pattern, further weakness likely

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If the index decisively fails to get back above 18,500 then further selling pressure towards 18,400-18,300 can be seen in the coming days, but on the higher side, 18,600-18,700 is expected to be a crucial resistance area, experts said.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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