As i had mentioned in my post on 25th Feb that Nifty could take support in the range of 5630-5690 and same thing happened. Nifty consolidated and made low at 5663 n bounced back strongly as it was expected technically. Now it is headed towards new high but we may see some speed breaks. 5968-5975 is strong resistance zone on the charts. We saw three running gaps supporting the bull momentum. NIFTY has resistance nr 6009 and 6030 above 5975. Now if we see opening below 5946 tomorrow thn we could see correction upto 5874. Strategy wld add long above 5975 or add longs at 5875 if we see weak opening tomorrow. But DONT go short
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