Nifty open with negative note and witnessed heavy selling, during the day. one point of time nifty registered low of 21629.
But after making low nifty recovered and formed a big green candle with long lower shadow and upper shadow on daily chart which indicate bulls are back in the game and they are buying from lower end.
Candle is at middle band of BB indicator.
Index may reverse from here if nifty crosses 21912 hurdle level and 21632 will work as support level.
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.