 "Aggressive traders can initiate a long position with a strict stop loss of 10,870")
BUY NIFTY | TARGET: 11,200 | STOP LOSS: 10,870
The Nifty index continued to make a higher top and a higher bottom pattern. On the daily chart, the Nifty index also surpassed its major hurdle of 200-DMA which is placed at 10,870 levels. It was earlier acting as major resistance and now it will act as immediate support. The momentum indicators and oscillators are very well in the buy mode on the weekly scale which hints that bulls are making a comeback and the current pullback is likely to extend further. The volatility index IndiaVIX is hovering near 25 levels which
