Nifty continues its uptrend with a quiet day and consolidation around 5770 levels after the gap up opening. VWAP @ close is 5796. Nifty closes at 5788.
1) Up trend will continue if Nifty able to sustain above 5800 levels for target of 5850-5900. The level of 5768 will be reversal level.
2) Below 5768, Nifty should test 5700-5685 levels.
3) Tomorrow is expiry of March series and a positive closing can be expected above 5770 levels with some intra day volatility.
4) The 5-DEMA has risen to 5684 @ EOD today. Happy trading!
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