Nifty- Future weekly chart shown above
we had a hammer formation on weekly chart after downtrend. (First bullish signal for time being)
Nifty future daily chart is shown above. It touched 4784 on friday and reversed to close at 4903.
Trend is still undecided and towards bullish side.
Traders can look to take long positions above 4925 for target os 4955 >> 4970 >> 5030 with deep stop loss of 4837.
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