As probabilities would have it - after the turn date and being near critical turn points as well, Nifty gained 1% today. The gain comes after a Doji star and today a Bullish Engulfing Candlestick Pattern was made on daily charts.
Thus, given the positive or lack of positive global cues coupled with the strength or willingness of bears to hold on to their gains, we will see what happens tomorrow. But Bulls had their chance today - Two days in a row would be a black eye for bears.
Close and daily is positive but we still dont have a BUY SIGNAL.
I have though committed a mistake today which I will share with you guys tomorrow.
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