A 'Bearish Belt Hold' pattern is formed when the opening price becomes the highest point of the trading day (intraday high), which means that there is a small or no upper shadow and the index declines throughout the trading day which make up for the large body and a small lower shadow
After the huge pullback rally yesterday, Sudarshan Sukhani of TechnicalTrends.com tells CNBC-TV18 that traders should look at buying on dips.