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Nifty falls below lower Bollinger band
By closing below the previous week’s low, the index confirmed the bearish Engulfing implications
Stay cautious as Nifty forms bearish candle
Nifty declines 18.10pts or 0.10 per cent and settled at 18297 to form a bearish engulfing candle
Charts indicate bearish tone for Nifty
Index formed a lower high and lower low candle for 3rd consecutive day