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BUY NIFTY | TARGET: 11,400 | STOP LOSS: 11,150
The Nifty index continued to make a higher top and higher bottom formation on the daily chart, and, recently, it has taken the support of its 200-DMA which is placed at 10,860. So, as long as it trades above its 200-DMA, the overall setup looks positive. Although, it has an immediate hurdle of its previous swing high which is placed at 11,341 and if Nifty breaks the same, then we can expect the positive momentum to continue towards 11,400 levels. The momentum indicators and oscillators on the weekly scales are still in
