murthyonline
Long

3 white soldiers in Nifty

NSE:NIFTY   Nifty 50 Index
To day nifty made a stellar move. The importance of day's candle is it is having a very small tail at bottom and at the top. This qualifies for the first soldier.
The soldiers are two types:

1. The second and third soldiers opens with gap up leaving a very small tail or no tail at all at the bottom. Second solider closes near day's high leaving
very small tail or no tail at the top. The third soldier leaves no tail or small tail at bottom and a reasonably big tail at the top. Third solder can
be invariably a small cone compared to the second.

2. Nifty can open anywhere above 50 mark of today's candle and leaving no tail or small tail moves up and closes near high leaving no tail or small tail at top.
In such an event the third candle also follow the suit of the second candle with a difference at the top.

The second and third soldiers put together can take Nifty to 10620-40 areas.

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