An ending diagonal pattern on the price chart signals the end of the bull market that began in 2020, he said.
The less likely scenario is that the index breaks through at 18,600. If that happens, Nifty will head to 27,000, the market veteran tells Moneycontrol in an interview.
Sushil Kedia, president at ATMA spoke to CNBC-TV18 about what he expects of the market going ahead.