Downtrend continues and Nifty closes @ 5457. VWAP at close is 5464.
1) The downtrend continues and the expected level of 5435 finds support. Now Nifty finding support above 5480, can aim to touch 5505-5530-5555 levels purely based on short covering rally intra day tomorrow. Reversal level will be 5505 to initiate longs.
2) Below 5480, next level of support below 5435 is 5395-5355. Happy trading :)
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