Nifty calls for Monday

Last days closing details

• 5,876.10
  15.65 0.27%
• Prev. Close
  
  5,860.45
• Open
  
  5,835.50
• High
  
  5,908.75
• Low
  
  5,822.20
• Close
  
  5875.9
  
  

Turning points BULLISH	5,916
Turning points BULLISH	5,892
Turning points BEARISH	5,860
Turning points BEARISH	5,829
Possible opening  range 1	5,923	5,886	BULLISH
Possible opening  range 2	5,829	5,866	BEARISH

We have two possible opening ranges for tomorrow. . Range 1 is a positive sign that the recent momentum will be going to continue where as Range 2 indicates a bearish trend.

• If market opens gap up ie open above 5892 , then wait till it breaches 5916 to enter a buy call. 
• If market opens in negative or slightly up note then make a first buy entry  above 5892
• If Nifty breaks below 5860 an opportunity for sell arises. This may be intensified below 5829.

* Equity calls may be updated at 9.00 AM