Nifty opens another huge gap down at 5084 and takes U-turn towards 5204 and finally tanks to close at 5118. VWAP @ close is 5122.
1) The bearish trend continues and reversal level will be above 5185 tomorrow with close above 5240 only.
2) Below 5110, Nifty could break to 4950-4850 level.
3) Gap down opening below 5050 tomorrow, could take Nifty to 4850 very soon. Volatility is high and being on right side of volatility helps day trading now. Happy trading :)
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