Nifty begins the week with a range bound session after gap up opening and not able to go above 5510 and taking support around 5460 levels. VWAP @ close is 5467. Nifty closes flat at 5473.
1) Bullish range for tomorrow will be 5505-5525-5560. Reversal will be below 5485 level.
2) Below 5450, Nifty should see 5400 levels.
3) The second chart is the weekly chart which shows Nifty has risen from the 100-week EMA levels of 5320 on a longer time frame. Fall below 5300 can be drastic towards 4900 and below. Happy trading!
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