VWAP is 5851.93 and volatility remains unchanged at 0.9. Nifty makes another high and breaks above 5855 levels today to make a high of 5869 in spot and 5875 in futures.
1) Now for tomorrow, playing the breakout above 5875 of spot is right way forward, so going long above 5875 for a target of 5910-5957 with strict stop loss @ 5823.
2) Range bound scenario will offer buying opportunity between 5845-5865 for a target of 5885-5910 again with a strict stop loss @ 5823.
3) Break of 5810 (today's low in futures), with a small stop loss @ 5823, gives a small opportunity to go short intra day for a target of 5770-5745. The rising 5 DEMA is 5745 now and it is playing in the mind too much now. For Nifty to remain bullish, a close above 5855-5890 would be fine to enter the weekend trading day of Friday, September 17th for a higher close. Hence the level of 5823 is very important for tomorrow's trading session.
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