kacharts

nifty - weekly hammer

Long
NSE:NIFTY   Nifty 50 Index
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9
nifty closed above trendline by forming a weekly hammer suggest a strong reversal . 10300 played a strong support zone
on smaller time frame we can find a resistance at 10610 levels but again momentum suggest nifty should fill gap of 10725 levels
trade- any dip should be used to go long with 10300 sl for targets of 10720
long term target intact
have always said this - its bull market fall should be used to buy as market is best at surprising and if its bull market it will surprise u in positive side despite many bad news.

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