Tech View: Nifty Forms Hammer Candle on Daily Chart; What Traders Should Do on Tuesday

Tech View: Nifty Forms Hammer Candle on Daily Chart; What Traders Should Do on Tuesday
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On Monday, Nifty ended the day 49 points higher, closing above the 22,100 mark. This marked the formation of a hammer candle on the daily chart, driven by modest buying interest as the index rebounded from its lows of 21,821. The technical pullback enabled the index to close in the upper quartile of the trading range. Traders are advised to read on to find out what they should do on Tuesday to capitalize on this situation.

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