Trade Plan - June 2, 2011

Nifty works its way steadily to climb above 5560 levels to close above the important 55-Day EMA level of 5581. VWAP @ close is 5573. Nifty closes at 5592.

1) Bullish range for tomorrow will be 5580-5610-5630 with a flat opening.
2) A gap up opening above 5610 should take Nifty to 5630-5665 tomorrow.
3) The idea to sell short can be thought of only below 5555 levels and looks remote tomorrow. Happy trading!