Short Term view on NIFTYToday nifty gap down from the resistance of value area (Range) and touched control value area or small range within big range's and acted as support for price and form doji. Because of Doji market is uncertain to predict because of Island reversal too. To increase the probability of the prediction that the market or trend reversed or not yet. price must have to fill the today's gap.
Island reversals are strong reversal pattern. like on 5th Oct which gave strong support for the gap down of Israel - hamas war. Today's pattern is also Island Reversal.
For Bullish view market must have to fill the today's gap first. NSE:NIFTY
