On Monday, much before the market opened, I had hinted at a reversal this week (please refer post - Happy Day are here again). It was mentioned that 'it is highly likely that the level of 3800 - 3840 on the Nifty will be protected'.
The results are in front of you.
Not only this, but another big confirmation is an Island reversal (not again......yes..but this time on the upside); see chart of Nifty futures attached.
Readers of this blog are too familiar now with what happens after an island reversal, and how far can one go. For targets, refer the post on Monday, 7th July which gave possible upside targets.
A free recommendation - Above 649, ICICI bank can go to 690+.
The results are in front of you.
Not only this, but another big confirmation is an Island reversal (not again......yes..but this time on the upside); see chart of Nifty futures attached.
Readers of this blog are too familiar now with what happens after an island reversal, and how far can one go. For targets, refer the post on Monday, 7th July which gave possible upside targets.
A free recommendation - Above 649, ICICI bank can go to 690+.
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