A strong start to the week with Nifty consolidating around 5835 levels and going on to cross 5900 levels on spot without any hassles. VWAP @ close is 5908 indicating some fresh buying has started above 5900 levels. Nifty closes at 5908.
1) The up trend continues and for intra day the level of 5890-5900 will be very crucial reversal points for long trades. Target for longs will be 5950-5965-6000.
2) Below 5890, the level of 5835-5790-5750 will come in to play.
3) The 5-EMA level has risen fast with this almost 10% rise of the index to 5813. Happy trading!
No comments:
Post a Comment