Long

Nifty 13500 on the cards

Updated

Fibonacci retracement shows price going to 13500. This is also the top of the upward channel. Also in the 15mins time frame inverted H&S formed which also can be seen as a bullish flag. Fundamentally 7k crs pumped in by FII on Friday can help the bullish antipitaction. DOW has another leg of up move...Taking all into consideration I foresee a bullish move ahead. Until the call and put writers exit thier position price is rangebound. Tuesday will be interesting to see the option analysis

Trade closed: target reached

Time to reverse now......

jaganath22

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