Hi All,
Nifty tanked badly and lost almost 100
points at the opening today, however on intraday charts it has produced multiple
Hammer patterns on 5, 15 and hourly timeframes which is a bullish sign, and the
lows of 8500-8460 are still intact…. Request all traders to keep a strict stop
loss for the long trades below these support areas for a potential upside only
and only if Nifty surpasses and sustains above 8650 levels….
8550 remains crucial level
to watch for, if crossed then supports can be below 8500-8450-60
Cheers
