Will Nifty rise towards 8700 again to complete shark pattern,EOD Analysis

As discussed in Yesterday Analysis   Bulls above 8723 can see move till 8851/8900, bears below 8577 can see move till 8520/8484. Its been 24 days we have traded in range of 204 points 8517-8721,Low made today was 8547 and close below near our important gann level of 8577 , suggesting bears are having upper hand after long time. Nifty can fall below 8520/8484.  Nifty made low of 8544 and bounced back again above 8577. Situation like this only cause trader maximum loss as most of traders are stuck with bearish bias and with change in market trend unable to adjust /reverse position and market sees an impulsive move. As I always say traders should be like a chameleon change colors soon as market is changing color. Nifty is forming the last leg of shark pattern holding today's low we can move towards 8710 again to complete the pattern.  Bank Nifty bears unable to capitalize on fall below 19158,EOD Analysis

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