Nifty keeps falling breaking below 5700 after initial trades above 5765 fails to sustain. Now VWAP @ close is 5735. Nifty closes at 5701 today.
1) The trailing stop loss for shorts is 5735 positionally and Nifty should reverse tomorrow from 5725 levels if able to trade above these levels tomorrow morning. Above 5725 of spot prices (5745 approx in futures), Nifty can test 5775-5800.
2) Below 5680 support, Nifty could go down to test support levels of 5640-5600 intra day.
3) The 5-EMA at EOD today has fallen to 5768. Happy trading!
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