Nifty 50 Outlook
1) Nifty 50 Formed a Doji on Daily TF.
2) Tested 100 DMA.
3) Any follow through in Nifty on Daily will form Morning star pattern. And failur of Breakdown
4) Dollar Index in LL - LH formation. This structure might work continuously in short to mid term.
5) Crude Oil also in LL - LH formation.
6) Global Market is in green expecting to form based in 1-2 Days.
7) Reliance looks strong and looks like promising move till 2800-2900.
8) Nifty PHARMA & Nifty AUTO play major role this time.
Conclusion:- Expecting to form based in Nifty very soon. It might not move all of sudden so it can consolidate near bottom.
So looking for stock specific is good idea. PHARMA & AUTO is good bet.