After the euphoria of the first pre-market session starting today till 9:15 a.m., Nifty traded in negative territory and took support @5985 levels, stabilized at 6005 level and made an intra day dash towards 6080+ on spot after 2:30 pm. VWAP @ close is 6061, down from 6140 level of Friday close. Nifty closes at 6076 after triggering the level for going long @ 6080+ on spot prices.
1) If this momentum is maintained, then tomorrow Nifty should trade above 6080-6135 spot levels tomorrow for first half of tomorrow for targets of 6180-6220 level and go higher in the afternoon to close above 6250 for the newer highs.
2) 6030 (6055 in futures) level was the take off point today for the intra day rally today. Break of 6050 on spot tomorrow can again take Nifty towards today's closing 34-DEMA level of 5940.
3) The first day of the pre-market session was confusing a bit and over a period of time the trader will get better idea of interpreting the numbers that flashed on the screen during the first 8 minutes from 6120-6187 levels and finally settled at 6112 opening price @9:15 a.m. and actually traded below 6050.
4) Levels to watch tomorrow, 5940 on downside and 6080+ for upside on spot levels.
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