Nifty closes @ 5600 levels above all long term EMAs and highest close of June 2011. VWAP at close is 5494.
1) With close of Nifty @ 5600 and above all long term EMAs, Nifty looks set to go up further after some consolidation above 5570 levels.
2) Tomorrow is June series expiry day and volatility could be high. Levels to watch for bullish trade is being long above 5610 only for targets of 5645-5685.
3) Reversal level will be below 5570 and below 5570, Nifty could fall to 5550-5520 levels.
4) The upload of chart not taking place through blogger and the intra day chart could not be posted today :) Happy trading!
NB: Intra day chart uploaded late today.
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