Nifty had opened gap down on 16th December and then opened gap up on 19th December has formed an ISLAND REVERSAL pattern due to gap up and gap down in the same area as seen in the chart. After gap down nifty went down by 250 points down so after gap up on 19th December nifty has possibility of going 250 points up as per charts. By now Nifty has completed around 160 points from the base at 8200.
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