Nifty and BNF opened in positive zone initially and then crumbled on selling based on news .Nifty broke 16900 levels . Expect a bounce back to 16950 levels before any fall .If it holds ground 17k will be crossed in the morning only.Have a look at world markets to take a call in the morning .Pharma stocks have done well and contiune to do so . Very few fno stocks have shown bearish engulf pattern . Wishing you all a Happy Dusera . Happy swing trading
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