Nifty closes at 5834 with a range bound trading session within the range of yesterday. Volumes were low and this ensured range bound session. VWAP @ close is 5857.
1) The range bound sessions over the past two days has ensured Nifty is now exactly at the levels when April series opened at 5834 and tomorrow could be a volatile session to get a close above 5950 or 5750 on last day of expiry of the April series.
2) The 5-EMA is now 5847 @ EOD today and trades on either side of 5847 can fetch 50 points on Nifty tomorrow. Happy trading!
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