Hi All,
As predicted in the morning post, Nifty witnessed a bounce of
almost 100 point today and now thanks to the hourly bullish pattern, we also
have same pattern on daily charts (Bullish Hammer), which is usually a reversal
pattern, however this time can be lesser impactful due to 2 big gap down openings.
However, for the pattern to be successful, Nifty
should sustain above 7930-50 levels tomorrow, then one can expect some more
bounce till 7990-8060-8100 levels.
Cheers
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