Nifty decined from above 6200 due to a tell-a-tell bearish engulfing type of pattern.WE EARLY ALSO SAID MKT VERY BULLISH WHEN IT CLOSE ABOVE 5971. After it rallied above 6200. Now watch out for 5971 level again if it breaks below that than market can drift down upto 5770 level support.
It looks like if market is going to give correction then it will be led by international market correction.
But go short only if nifty remains on the given...
