Wednesday, July 25, 2012

Nifty formed Hammer

Nifty has formed hammer in downtrend (same is called hanging man if formed in uptrend), which is a bullish sign of great promise. in last one year, it has formed 8 such candle including one in uptrend. Rest all the time it has been in downtrend which was followed by at least 3 bull days. Now we can expect 100 point rise till Tuesday morning next week.
Note: never discount global cue

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