Another range bound day on either side of the 5-EMA level of 5492 with a negative bias after gap down opening. VWAP @ close is 5487 and Nifty closes at 5446.65
1) Views remain same, range bound trading between 5480-5520-5530 levels for going long.
2) Below 5480 levels of 5450-5430 is tested and Nifty bounces back to 5465-5475 levels.
3) The 5-EMA @ close has come down to 5477. Happy trading!
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