Nifty Quarterly Outlook - Will It Form Bearish Engulfing???

NIFTY is looking weak on quarterly charts as its making bearish engulfing candle. I am going to look out for March 31st expiry and a close below these levels ( 17021 in Future and 17102 in spot ) will confirm the bearish engulfing close.

If this happens, expect next 3 months also to be of sideways action with more consolidation and open to downside. Let's see how the story develops. Best wishes!

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TIA!