Nifty trades with negative bias after gap down opening and closes at 5032. VWAP @ close is 5039. Nifty closes at 5032.
1) Nifty has closed below the 5-EMA level of 5049 and is short term negative. Reversal will be above 5070 only for target of 5110.
2) Below 5025, levels of 4980-4920 is likely. Happy trading :)
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