Nifty continues to test newer lows and just on the fringe of breaking 5400 levels with low of 5402 after failing to sustain above 5495 after the first hour of trade. VWAP @ close is 5456. Nifty closes at 5417.
1) Failure to sustain above 5400 should take Nifty to 5380-5345, which is where it is headed towards to now @ EOD today.
2) In the event of a gap up opening above 5450, then Nifty will become bullish above 5480 only.
3) Levels to watch tomorrow, 5345 on downside and 5480 on upside. Happy trading!
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