Nifty closes the June series at the highs of the month @5647. VWAP @ close is 5628.
1) The bullish run of Nifty continued into the last day of June and Nifty closes at 5647 above all EMAs without breaking the 5600 level intra day.
2) Some consolidation can be expected around these levels of 5600-5630 now. Bullish range only above 5665 for targets of 5715-5755.
3) Below 5610, Nifty will become weak now. The short term 5-EMA is much behind spot price and some consolidation can be expected around the levels of 5600-5630. Happy trading!
No comments:
Post a Comment