Is the Formation of Doji in Nifty is a Bullish Reversal?

 

NIfty CMP : 4606.6

 

If you clearly notices todays closing in nifty then you could spot the formation of a long legged

doji on close. Generally Doji indicates a reversal or an indecesiveness signal and also the formation of doji near lower

band of the bollinger band is a bullish one too. Two case of doji Bullish trend reversal

would be possible if this doji is to be a bullish one.

1) Bullish Abandoned Baby - http://www.fxwords.com/b/bullish-abandoned-baby-candlestick.html

2) Bullish Morning Start - http://www.fxwords.com/b/bullish-morning-doji-star-candlestick.html

 

If this to be  a bullish doji then tommorow's close should be exactly above half of yesterdays candle's Body i.e  ( 3817 - 3602 )/2 = 215/2 = +107.5 Pts

Simply Tomorows Close should be above +107.5 pts So resistance exactly near
3606.6+107.5 = 3714.1