A trend reversal day for Nifty today and crossed the 55-DEMA level of 5950 and traded firmly above that level in the afternoon. VWAP @ close is 5946 up from the VWAP of 5845 levels of yesterday. Nifty closes @ 5961 just below the important level of 5966.
1) Now gap up openings can be expected once again and Nifty must now overcome the 34-DEMA level of 5995 tomorrow. Bullish range will be 5935-5995-6020-6085.
2) Break of 5915 levels will take Nifty down to 5885-5820 levels.
3) Overall sentiment is getting bullish and a close above 6085 will confirm the bullish sentiments. So, longs only above 5935 for intra day with strict stop loss of 5915. Happy trading!
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