Nifty - Appears to be ready for a reversal. Candles say so.

Nifty has formed an Inverted Hammer candle with good volume but is this really capable of a reversal? There are a lot of other data like Vix and PCR also to support the upmove. But the FII selling just doesn't stop.

What happens next is yet to be seen. By then watch the video to understand entire set up.