A very interesting Pattern has developed on Nifty today.
In opening down today Nifty has exhibited a Kicking Pattern once again. This time to the Downside. This Kicking Pattern is also closing a Gap that was established on January 17, 2012. While it is a little premature to call for an elongated Bearish Trend here today, But if the Kicking Pattern holds by the EOD, then we may see some terrible weakness On Nifty.
The Chart will make this clear