Nifty seen Opening Higher[Bullish Hammer on daily charts]
- Today's session was a Gap-Up Opening.
- Nifty is taking Support at 6070.
- However It took Resistance on previous falling window at 6109.
- There is Bullish Hammer in Nifty at its support at 6040-30.
- The further support at Nifty came at 5972.
- 200 day S.M.A also stands at 5972.
- In case nifty closes under 6030 support, bullish hammer will be discarded and new lows can be seen till 6000 , 5972.
- However in case nifty succeeds to close above 6110, then levels of 6150, 6170 , can be seen.
- Fibonacci Retracements levels are depicted in image below:
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