Hi All,
Nifty opened and could not cross the first
resistance near 7480-85..... as a result fell below yesterday’s low of 7453...
As mentioned, Nifty found at least a
temporary support near 7440-30 levels and on 15 minutes charts has made a
Bullish Hammer Pattern.....
Which means, Nifty can see at least a small
bounce if and only if it crosses 7447-7450 levels on the upside at this point
in time, CMP 7443....
Risky Traders Can Buy Nifty only and only above 7450-55 with a strict SL
below 7400 as a last chance for bulls, with targets near 7510-7550-7600...
Please note – A Long trade should be initiated only above 7550 levels
and not now...
Cheers
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