Tech View: Nifty forms a bullish hammer pattern. What traders should do on Tuesday

Om Mehra, SAMCO Securities, notes that Nifty’s daily chart shows a bullish hammer pattern, hinting at a trend reversal. After consolidating around 23,150–23,200, the index seems poised for an upward move. Positive RSI divergence and a narrowing MACD histogram indicate reduced bearish pressure, supporting potential consolidation or a minor pullback before further gains.