Nifty opens gap up and fails to cross 5605 levels today and finds support at 5510 levels and closes at 5517 in the first weekly close of June series. VWAP @ close is 5552.
1) From a weekly perspective, bullish zone for next week will be 5555-5650-5765.
2) Below 5520, Nifty can fall to 5480-5425-5325 with a bearish perspective for next week.
3) Nifty has closed below the 5-EMA level of today and the interpretation of negative bias will be confirmed with a move below 5500 on Monday. The 5-EMA level at today's close is 5525. Happy weekend! Happy trading!
No comments:
Post a Comment