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Kaustubh

Nifty bounce on the cards

Long
Nifty 50 Index (NSE:NIFTY)  
Kaustubh  
NSE:NIFTY   Nifty 50 Index
Trend Analysis Chart Patterns NIFTY nifty50 indianstocks
4
0
trendanalysis chartpattern nifty nifty50 indianstocks
Nifty closed the session today almost resting on 200 SMA on daily chart.
This also happens to be long term resistance level that should turn into a strong support.

Long initiated at this level, ~ 10170, should target 10450 for short term trade with SL 10065.
This is not trend reversal at this point. Just a quick bounce.
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