Return of Bigg-Boss - Inder Bhatia

The Indian market saw a smart rally on the back of strong global cues. Nifty opened gap-up and closed near the day's high. For the coming session, we could see more upside toward 4340-4398 zone, and on the lower side 4200-4140 will act as a support zone.

The Return of

Daily: Last week the Nifty gained 0.4 percent with high volume. The market was very volatile and saw a sharp fall, testing 3800 and recovered sharply to close above 4200. On daily chart Nifty had formed a double bottom pattern as well as an Island Reversal pattern at the bottom, which is bullish sign and should be respected. For the coming session if Nifty trades above 4253, we could test 4405-4487, and on the lower side 4102-4140 would act as as support zone. We can say that at least for the short-term we have a Return of of Bigg-Boss i. e. Bulls.

Weekly: We can see Nifty has formed a Hammer pattern, so if the Nifty future trades above 4289, target 4536.
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