Gap down opening and Nifty plummets to near the May 2010 lows and closes at 4846. VWAP @ close is 4854.
1) Below 4830, Nifty has likely support at 4775-4720.
2) Reversal level will be above 4890 towards filling the gap down created today to 4930-4965.
3) The volatility index has risen once again and sharp swings either side of 4890 can be expected on Monday. Happy weekend. Happy trading :)
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