Nifty remains above 5555 levels on spot prices today. VWAP @ close is 5584. Nifty closes at 5585.
1) The bias is still sideways till Nifty does not close above 5610 on spot prices for target of 5665-5730.
2) Below 5555, the levels of 5490-5420 are support levels.
3) The results of heavy weight index stocks in this QE-1 earnings season is very crucial for Nifty to remain above the long term weekly support of 5555 level. The 5-EMA level at close today is 5597 and this level will be important level to watch tomorrow. Happy trading!
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