NIFTY_Weekly_Analysis 27-08-2017-Solid Pin/Doji Hammer Buy : Above 9900 Target 1 : 10070 (Next Resistance)  Target 2: 10150 Stop loss :9800 , 9750

NIFTY Shows a Quick recovery bounce and formes a Classic Reversal pattern on Doji Hammer- this  is  Bullish Reversal By the book !

The Doji hammer follows the classic Ratio of being more than 1:5 tail to Head ratio .

This hammer has formed during the strong Run in  Nifty up ChannelNIFTY_Weekly_27-08-2017.png

The same structure has also bounce off of 20 EMA and 9700-9750 Support Zone! So a classic Price Action Trade can be placed Here :

Buy : Above 9900

Target 1 : 10070 (Next Resistance)  Target 2: 10150

Stop loss :9800 , 9750

Option Strategy: Since we have a clear bullish Sign and a End of the month Low premiums , one can take a Bullish position in Buying a CALL or Buy Future+Put

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