Nifty and BNF tanked heavily on selling pressure from the bears . Could not sustain on higher levels and closed in the negative . Nifty has formed a bearish engulf pattern and BNF has formed a bearish doji pattern . This indicates that more fall is coming . Technically on rise one should sell . On friday most of the markets around the world have closed in green . Expect a positive opening initially . Later the markets will take direction . I would go short in BNF considering the bearish doji pattern in it . Let us see how it behaves tomorrow . Have a good trading day . Happy swing trading
❮
❯
