Hi all,
After yesterdays fight back from bulls, almost after 5 days, it looks like Nifty likely have made a short term bottom.....
With multiple confirmation on hourly and daily charts, Nifty is likely to see a strong up-move after surpassing 6060 mark.
Initial target can be very near by at 6110, however above that it looks like 6190-6240-6300 may not be difficult for Nifty in short to medium term...
Traders can safely go long above the 6060 levels with a Stop Loss below 5980. Conservative traders can also go long on dips with Stop Loss below 5930-25 levels...
Cheers
Hrishi
After yesterdays fight back from bulls, almost after 5 days, it looks like Nifty likely have made a short term bottom.....
With multiple confirmation on hourly and daily charts, Nifty is likely to see a strong up-move after surpassing 6060 mark.
Initial target can be very near by at 6110, however above that it looks like 6190-6240-6300 may not be difficult for Nifty in short to medium term...
Traders can safely go long above the 6060 levels with a Stop Loss below 5980. Conservative traders can also go long on dips with Stop Loss below 5930-25 levels...
Cheers
Hrishi
