NIFTY DAILY CHART - I
NIFTY DAILY CHART - II
- NIFTY has reversed from the day's low formed at 4850.
- A hammer has formed in the daily candlestick chart. It has formed close to the bottom of the channel.
- The descending broadening bottom also is in place.
- Trading above 4980 will help the bulls and the reversal patterns will become stronger.
- Now if the world markets help the nifty bulls might attempt to put a bottom in place.