The downtrend of Nifty continued today and Nifty trades below 5-DEMA/SMA levels throughout the day and below pivot point. VWAP @ close is 6079. Nifty closes@ 6048.
1) A gap up opening and sustaining above 6085 levels for upside levels of 6105-6135 if trades above pivot of 6062.
2) The lower levels to watch in case of gap down opening and break of 6007 is 5965-5911.
3) The 5-DEMA/5-DSMA at EOD today is 6086 and 6113. Tomorrow is the week end closing and intra day levels of tomorrow will be crucial for the next week. Happy trading!
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