Gap down opening and Nifty traded below 5365 levels throughout the day and took support at the trend line support level of 5330 and closes near these levels today. VWAP @ close is 5350. Nifty closes at 5349.
1) Below 5325, Nifty should fall now to 5300-5265 levels.
2) Reversal level will only be above 5365 for targets of 5400-5425.
3) The May series expires tomorrow and the session will see some wild swings intra day giving opportunities to trade between 5265-5325-5365-5425 levels. Happy trading!
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