A quiet opening and after consolidating at 5430 level, Nifty tests high of 5507 and finally closes at 5481 level. VWAP @ close is 5456.
1) Bullish range for tomorrow is 5485-5565 levels with strict stop loss of 5465.
2) Below 5465, Nifty will be bearish intra day for targets of 5390-5350. The 5-DEMA level at close today is 5398.
3) Tomorrow's session is very crucial and a good move and close above 5620 will put Nifty on a highly bullish mode once again. Today's close @ 5481 is a nice steady beginning towards further up move. Happy trading!
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