• Harmonic pattern formed- Bullish bat Pattern
   
• Potential Reversal Zone (PRZ)-  6765
   
• The index declined continuously for the past seven days and tested 6824 at the time of writing. It is currently trading around 6857.
   
• On the higher side, minor resistance is around 6905 (10- 4H MA) and   any violation above targets 6952/7000 in the short term.
   
• Major weakness can be seen only below 6765 and any indicative break below will drag the index down till 6690/6645 (Sep 13th 2016 low).


• Overall bearish invalidation only above 7130.        
                      
• It is good to buy on dips around 6820-25 with SL around 6765 for the TP of 6952/7000