Nifty trades below pivot level of 6062 and crashes below the support level of 6007 to 5883 levels. VWAP @ close is 5987. Nifty closes at 5904.
1) The three consecutive days of correction has taken place mainly led by correction in Bank Nifty.
2) View for Monday is bearish and support zone of 5860-5820 could likely be tested.
3) Upside only above 5965 levels likely after consolidation in the 5860 zone in the next two to three trading sessions.
4) Break of 5820 can lead to a fall to earlier support zone of 5770. Happy weekend! Happy trading!
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