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Bulls fightback after bears had engulfed previous day's candle.

Nifty 50 Index (NSE:NIFTY)  
Happy_Candles_Investment  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Support and Resistance Candlestick Analysis NIFTY nifty50 spotnifty niftyindia niftylevels niftyoutlook niftysupportandresistance niftysupports niftyresistances
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trendanalysis supportandresistance candlestick nifty nifty50 spotnifty niftyindia niftylevels niftyoutlook niftysupportandresistance niftysupports niftyresistances
What we saw today in Nifty was a remarkable fight back by bulls after bears had yesterday made an engulfing of previous Two days candled. Not only that the Nifty ended at 22217 recovering from day's low of 21875 which is a strong 342 point recovery from day's lows. Yesterday there was a bearish engulfing but what we had maintained is that today's candle has to close below the lows of yesterday. This means a follow up candle is required to confirm a break out or a break down. That is why we put a lot of emphasis on CLOSING and FOLLOW UP CANDLE.. Nifty has first time given a closing above 22200 today and it is very important for the bulls to close the week tomorrow above this psychological level.

Future resistances for Nifty are at: 22252, 22350 and 22412.
Support Levels for Nifty are near: 21997, 21876 and 21520.
Happy Candles Investment
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