Gapdown openings and Gapdown openings,Time to exit from Nifty longs

If you remember we said on Saturday Technical Analysis Will Nifty respect Inverted hammer on monday?
we need to wait where nifty moves ahead. In the two recent trading sessions we saw negative gap up openings. So we are shouting and yelling  to stay away from long/bull positions on Nifty. We had recommended techmahindra and ITC. Techmahindra has reached the profit level we hope people have exited. Also do make a exit from ITC now because if the complete market is bearish then its difficult that individual stocks can move against the flow.

See syllabus for Technical analysis training in Mumbai,India.

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Is Nifty following hammer and Inverted hammer ?

With every downtrend , after a hammer nifty moves to uptrend. And with every uptrend , after a inverted hammer nifty moves down trend.

So is Nifty following hammer and inverted hammer pattern.

See syllabus for Technical analysis training in Mumbai,India.

Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html