NIfty CMP : 4606.6
If you clearly notices todays closing in nifty then you could spot the formation of a long legged
doji on close. Generally Doji indicates a reversal or an indecesiveness signal and also the formation of doji near lower
band of the bollinger band is a bullish one too. Two case of doji Bullish trend reversal
would be possible if this doji is to be a bullish one.
1) Bullish Abandoned Baby – http://www.fxwords.com/b/bullish-abandoned-baby-candlestick.html
2) Bullish Morning Start – http://www.fxwords.com/b/bullish-morning-doji-star-candlestick.html
If this to be a bullish doji then tommorow’s close should be exactly above half of yesterdays candle’s Body i.e ( 3817 – 3602 )/2 = 215/2 = +107.5 Pts
Simply Tomorows Close should be above +107.5 pts So resistance exactly near
3606.6+107.5 = 3714.1
