The negative bias continues for Nifty in a range bound session. VWAP @ close is 5555. Nifty closes at 5542.
1) Nifty is below all short term EMAs and once again is ready to fall to previous known supports of 5490-5450.
2) Reversal will be above 5580 levels only tomorrow.
3) The 5-EMA level at close today is 5570 and Nifty has closed well below this level. Happy trading!
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