Nifty takes support at 5700 levels in last hour of trade after failing to cross 5830 levels in the morning session and recovers by 100 points and closes at 5754. VWAP @ close is 5790.
1) Resistance above 5820 needs to be overcome for targets of 5890-5935. Views are still bearish, however, till Nifty does not close above 5965.
2) Break of 5700 levels can lead to newer lows of 5630-5555.
3) The one month chart captures the intensity of the fall in the past 7 sessions. Happy trading!
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