Nifty trades within a range bound levels all day ahead of the holiday tomorrow and a flat close today @ 5039. VWAP @ close is 5055 indicating the premium level is high and bias remains up after reversal from 4860 levels a couple of days back.
1) For Wednesday, after the Moharram holiday tomorrow, 5065+ is the level to go long for target of 5110-5135 on spot prices.
2) Nifty has managed support at 5000 today, but below 5000 spot the support will be around 4935/4860 levels for small bounce. Enjoy a holiday tomorrow and happy trading the day after :)
No comments:
Post a Comment