NIFTY: BUY
TARGET: 10,713
STOP LOSS: 10,557
Nifty closed in the positive territory in the last trading session snapping the three days losing streak. The hourly MACD has provided a buy crossover which is a positive sign in the short term. The Index has formed a “Three Black Crows” candlestick pattern on the daily chart which is a bearish reversal pattern, however, post that a minimum of 50 per cent retracement level is expected and it happened so as anticipated. Now, on the upside it can retrace till 78.6 per cent which comes to 10,713 levels and the support on