Nifty continues its rise and after the gap down opening recovered with support at 5455 and zoomed past 5495 towards 5555. Nifty closes at 5527. VWAP @ close is 5525.
1) Reversal level will be below 5520 tomorrow. Long intra day above 5555 for target of 5590-5630.
2) Below 5510, Nifty will become weak intra day and test support levels of 5455-5430.
3) Today Nifty has closed above the medium term 55 Day EMA level of 5510. Sustaining above this level will be very good for long positions in the immediate short term for a surprise June series expiry at the highs of this month (5600+ level). Happy trading!
No comments:
Post a Comment