Gap up opening and trades range bound between 5680-5710 throughout the day and closing near day's high. VWAP @ close is 5706. Nifty closes at 5724.
1) Important level for tomorrow is Nifty trading above 5735 and overcoming resistance above 5750 levels for targets of 5770-5800. Strict stop loss will be 5690.
2) Below 5690, Nifty will once again test 5645-5610 and below 5610, the next level of support will be 5575-5555.
3) Nifty has taken support at the 200-EMA level of 5648 and consolidating around this zone and a mild pull back primarily due to short covering rally. Happy trading!
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