Another gap up opening @ 6209 and with a low of 6199 Nifty gradually traded up to retrace over the high of 6284 last month to touch 6290 and closes at the highest closing price of the year today. VWAP @ close is 6275. Nifty closes @ 6282.
1) Tomorrow's muhurat trading session for 1 hour in the evening should see Nifty crossing 6300 mark and the trading range should be small between 6300-6330-6360.
2) A more volatile muhurat trading session means a trading range of 6255-6330-6360 levels.
3) Reliance has broken out from its trading range and should climb up further now to take Nifty to newer highs.
4) Coal India listed today and has traded above 30% from the IPO price. The addition of this large cap stock into the market now only makes the market stronger and a choice for investors amongst large cap stocks. Have a cracking Diwali! Happy trading!
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