Gap down opening and Nifty appeared weak but gradually gained momentum around the 5-EMA level of 4977 once again and retraced to close near the highs of the day @ 5064. VWAP @ close is 4995.
1) A gap up opening could take Nifty easily towards 5090-5110 levels tomorrow and could continue to 5150 levels.
2) A flat/gap down opening means support of 5045 will get tested now and this level becomes very important reversal level for intra day traders tomorrow too. Below 5045, support levels that will come into play are 5015-4980. Happy trading :)
No comments:
Post a Comment