Nifty tanks with very poor global cues with a huge gap down opening at 5055 level and thereafter never recovering throughout the day. VWAP @ close is 4986. Nifty closes at 4924.
1) The sell off in the last hour below 4980 was due to lack of buyers and now tomorrow Nifty can take U turn intra day only if it trades firmly above 4935 and short covering begins as it is the weekend tomorrow.
2) Below 4935, next support level is 4865-4800. Happy trading :)
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