Nifty trades below 5-EMA level for second consecutive day and below 5465 levels finds support around 5410 level and closes lower today with negative global cues.VWAP @ close is 5458. Nifty closes at 5445.
1) Bias has gone negative with Nifty trading below 5-EMA level for second consecutive day. Below 5400, next support level will be 5365-5320 levels. Global cues are negative.
2) Market sentiment will remain cautious to guarded on Monday and a firm close above 5520 only will confirm a positive outlook. The intra day reversal level will be above 5485 on Monday.
3) The 5-EMA level at close today is 5482. Happy weekend! Happy trading!
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