Friday 20 May 2016

Hammer pe Hammer!!!

Nifty created Hammer on Hammer on hourly charts. 
16 May 2016 - Hourly chart Hammer at support of 7780 - 7770 lead nifty today 7939 levels on 17 May 2016. Again hammer on hourly charts @ support which is indicating the history can repeat.
Buy when Nifty break above 7810 - 7815 with resistance near by 7870 - 7900 - 7940 levels and Supports @ 7760 - 7750
Trade with Strict Stoploss and with Proper Money Management.
Regards,
Mayur, S.

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