NIFTY GO LONG - AS LONG AS NIFTY HOLDS 7980 ON WEEKLY CHARTS

7980 is a level, where a head and shoulder and inverted head and shoulder breakout happened in 2015-2016, Since then it acted as support on weekly chart and never closed below this level. Hope it holds. If breaks, go short for a target of 7500 and 6900

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Wonderful week.., it is the first week that formed higher high and higher low.., last week we formed a higher low but couldn't make a higher high.., Looks like a trend reversal.., We may see 10000 soon.., Stay long as long as weekly closure is above 8500 and daily closure above 8900.