1. Prices closed above the 5d ema and 5w low ema.
2. Trading above 5dHema of 5750 ,can target 5wema at 5790 ,which also is the pivot resistance R2.Booking profits here will be prudent eyeing the RBI meet and coming holiday.
If a Trending day unfolds then book at 5820 levels,which is 20dema and a fibo retrace no.
3. First resistance may come near 5765 (R1) -5775(61.8% fibo) zone .Part book here.
4. Support should come at 5dema ,5720 and 5712 (vol. profile area) .This is also near 5710 ,S1, Pivot point.
5. Strict S/L of today's low ,5697, which is also the high vol area in 2d and 5d profile ,should be adhered to.Trading below it will open doors for test of 5650 levels.
6. FII's were buyers in small qty. today.
7. Expect a volatile session due to RBI meet,Holiday and expiry nearing with rollovers.
Trade safe ,book at Technical levels and respect S/L.