Nifty had a huge volatile session on Friday - surpassing the week's high and week's low but managed to close just above the week LEMA and 10 Week SMA - signalling buy in Dips and closed above the week HEMA indicating sell on rises. So Nifty is range bound between 6230 - 6130.
Friday's Day candle is a spinning top indicating indecision.
| DAY VALUES | |||
| HIGH | 6239 | 5 EMA | 6182 |
| LOW | 6140 | 10 EMA | 6203 |
| CLOSE | 6171 | 5 DMA | 6174 |
| HI EMA | 6226 | 50 DMA | 6192 |
| LEMA | 6159 | 34 Hr MA | 6180 |
| Current Week Values | |||
| HIGH | 6239 | ||
| LOW | 6140 | ||
| CLOSE | 6171 | ||
| HI EMA | 6226 | ||
| LEMA | 6154 | ||
| 5SMA | 6228 | ||
| 5EMA | 6210 |
Aggressive Trade: Resell @ 6220 - 6230 levels with Strict Sl close above Day HEMA.
Positional Trade: Continues till EOD close above 50 DMA.
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