Nifty opens gap up and remains range bound and closes at the opening level range with a high of 5913 with support at important level of 5865. VWAP @ close is 5903. Nifty closes at 5885.
1) Nifty trades well above 5-EMA without much volatility today and finds support at important level of 5865. Nifty spot remaining above 5945 is important for long positions with target for 6020-6085 levels.
2) Below 5865, Nifty will fall back to 5830-5790 levels.
3)With the long weekend with tomorrow being a holiday on account of Good Friday, Nifty has consolidated today above the 5 EMA level which comes at 5834 after today's close. Happy trading! Happy weekend!
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