The hammer formed in 60minute chart yesterday was enough to signal a reversal favouring upsides - Geojit Financial
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NIFTY OUTLOOK
The hammer formed in 60minute chart yesterday was enough to signal a reversal favouring upsides, which could perhaps may be sufficient to breach the 17374 mark today. But patterns do not yet seem sufficient for a run away rally, which urges us not to be too bullish. We will play these mixed signals by exercising caution on approach to 17436, the recent peak. And as maintained yesterday, we are soon to see a maximum expansion in trading ranges.
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