Nifty Outlook for 06-09-2018
Yesterday we had given a buy call on nifty but our stop loss triggered.
For tomorrow we still think that we should be buy on the nifty.
Reasons
-On daily charts nifty made hammer formation, which is a bearish reversal pattern.
-Nifty is still into uptrend and we feel the up-going trend is just part of correction.
-Nifty is still forming Higher high & Higher lows.
What we can do
Buy above 11510
SL below 11480
Targets 11570/11600
Yesterday we had given a buy call on nifty but our stop loss triggered.
For tomorrow we still think that we should be buy on the nifty.
Reasons
-On daily charts nifty made hammer formation, which is a bearish reversal pattern.
-Nifty is still into uptrend and we feel the up-going trend is just part of correction.
-Nifty is still forming Higher high & Higher lows.
What we can do
Buy above 11510
SL below 11480
Targets 11570/11600