Nifty trades below Wednesday closing price mainly due to negative sentiments with heavy weight Infosys earning numbers for the quarter and the market barely managed to stay above the 5-EMA level of 5860 with the disappointment in market with Infy results. VWAP @ close is 5861. Nifty closes at 5825.
1) The bias has turned negative once again and today's close @ 5825 is much below the expected safe level of 5930 levels to trade with. Now the level to watch on Monday is 5855.
2) Below 5850, we are likely to see 5790-5680 levels.
3) The 5-EMA level at close today is 5849. Happy weekend. Happy trading!!!
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