5868 did a job today by galvanizing buyers to 5915 and providing support on the rebound from there.
5868 is also the weekly value area low and if the 80 % rule plays out it can fetch a trip to atleast 5975.
Here are the charts for today :
Nifty :
Bank Nifty :
Value was created today at 5820-5890-5904 in the Nifty.
It was 12040-12000-11880 in the Bank Nifty.
5850 should support the market on the way down tomorrow with 5810-5820 as important reference levels for tomorrow’s action on the downside. Up above it is 5930 and 5975.
