A gap up opening, and the gap sustains through out the day without any glitches. Bearish Signal Reversed is one the most reliable and strongest bullish pattern found in P&F charts. That has proved too strong for bears, and they were running to cover their shorts for the whole day. In the opening review, without considering any other levels, I have quoted 13300-13400 to be the resistance for the rally and we are right there on the close.
Nifty futures have closed the Gap that had formed on the budget day. And we have had 4 days of rally. From 3542 low on Friday, we have reached 3880+ levels by today. Will there be profit booking tomrrow? Wait till tomorrow's opening review.
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