Short covering rally from 5475 levels leads Nifty to close in the green today @ 5551 after being range bound throughout the day. VWAP @ close is 5524.
1) The 5-EMA at close today has fallen to 5573. The bullish range for Monday will be 5575-5620-5660. Strict stop loss of 5530 on spot prices.
2) Below 5530, Nifty is likely to see 5420-5390-5350. Happy weekend. Happy trading!
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