Nifty | Intraday | BTST | LongNifty is showing some Bullish momentum thanks to FMCG scripts. I'm not expecting much momentum on the Long side.
For now I have taken a long view for Target till 24,300 level only.
Notice how the price has formed a Bullish pin bar on the hourly charts and started to trade above the Daily Pivots. This is a sign of Bullishness.
Resistance would be the Hourly 200 period MA.