CNX-100 is forming lower highs and lower lows after 2012 on wards. This index has fomed lower lows only once but has not formed lower highs. So after long time this pattern has been formed which is clearly indicating that the index has become week and we can expect larger correction in coming weeks unless and other wise higher highs and higher lows are formed so till then bears are having upper hand.

Mahiidar M

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