Nifty opens flat and goes to make new high of 5944 in opening hour trades and falls later to get support at 5865 levels on spot price and recovers slightly to close below 5900 with negative bias. VWAP @ close is 5918. Nifty closes at 5891.75.
1) Reversal level will be 5925 tomorrow intra day for targets of 5965-6020.
2) Below 5865, next target will be 5820-5790.
3) The 5-EMA level has risen to 5861 and break of this level will create lot of shorts in the system positionally. Happy trading!
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