NIFTY FORMS A HANGING MAN



  • Nifty makes a hanging man pattern on daily and a doji on weekly charts.
  • Whole week it traded in the range of  9800 -9930  holding on to gap support.
  • Bulls and bears are in struggle and sideways action may continue in this range.
  • Hanging man pattern indicated bulls in danger.
  • Will have to watch this week for further action as it is also expiry week.


    DAILY CHART




WEEKLY CHART

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