Nifty consolidates around 5110 level in the morning trades and takes off to close above the 34-EMA level. VWAP @ close is 5130. Nifty closes at 5153.
1) Intra day longs tomorrow above 5150 only for targets of 5200-5220-5240. Nifty should face some resistance around 5190 levels tomorrow and now a close above 5190 level is required.
2) Below 5110, the levels of 5070-5010 are likely to be seen.
3) Some consolidation above 5150 and the level of 5190 could happen on the weekend tomorrow. Happy trading :)
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