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Nifty 50 Index
Long
Updated

nifty - weekly hammer

WEEKLY HAMMER
snapshot
any fall should be used to go long for the target of 11k
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expected move
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A low of 10616 was seen. More pain likely so one should not be in a hurry to go long. May show 10560 as well. Lower timeframe charts be used to locate first higher high before going long.
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looks like island reversal on charts
long only above 10605
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one can long nifty 10650 call at 15 for the target of 45
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nifty call made high of 32
nifty day low 10557 . was expecting 10560
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10650 call high 45
Trade closed: target reached
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simple chart suggest we should see slight resistance at 10883
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kacharts
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