Hi all,
Though Nifty broke 7690 levels, it took
support near the next level 7660 and bounced back smartly.
On hourly charts Nifty has given a Bullish
candle, it has also taken a support on hourly Supertrend which is a positive
sign for bulls...
Traders can take a Long Position near 7710-7715
with Sl below 7660-55 and targets near 7770-7800.....
Advisable that risky traders take this
trade as the position will be held over this weekend, conservative traders can
think of entering in to the trade on Monday morning, if the same levels
persist.
Cheers
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