Nifty view, yesterdays candle pattern is bearish engulfing as we may see gap down and a dead cat bounce to 12272.. nifty bearish till a close above 12314 with ATP. Long powergrid once it does atr on downside, short Asian paints 1868 sl 1871. Last week's calls buy Berger, Asian paints, divis, sunph, Mahindra holiday, rswm all returned value