Nifty starts the week flat after testing lower levels of 5435 and taking U turn to close flat. VWAP at close is 5478. Nifty closes at 5483.
1) The bullish range will be above 5530 only for targets of 5575-5600.
2) Now below 5480, Nifty will remain weak and could test 5400-5370 levels after having tested 5435 today and climbing to 5497 with short covering rally.
3) The 5-EMA level is now 5504 at close today. Happy trading!
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