Three Black Crows

This is the gap zone to watch out for. This area may offer support for the Bulls. On the other hand Bears gained momentum from the formation of THREE BLACK CROWS.

The chart indicates the formation of the Black crows, which indeed is a heavy bearish reversal signal. Any break below 4532 will lead to blood bath in our markets.

Nifty future levels for the day:

4542 - 4566 - 4580 - 4624 - 4644