When a human says "So much worst has happened in life and what more can happen ?" , indicates that he is so tired of his negative thoughts that he now wants to be positive. The same sentiments was reflected in the friday trade of Nifty.If we see nifty some weeks back it was in a severe down trend with every open value below the previous closing value. But on friday investor refused that severe -ve trend and clearly the bull have said enough is enough and its time to make a reversal.
If you look at the image below there is clear severe down trend followed by a gap up green chart on friday. This pattern is clearly a sign of a kicker. Kicker pattern normally indicate reverse sentiments of investors. So are we ready for nice short term bull run in the coming week....Enjoy long positions.
Also the RSI reversal is indicating that this is having great momentum
Also this makes the kicker pattern more relevant because its happening at the support level.
So level for nifty Level in the comning 2 weeks Level 1 :- 5950 ,Level 2 :- 6100
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