Nifty opens flat to gain momentum above 4935 and close near the highs of the day at 4980. VWAP @ close is 4954.
1) Trading above 4980, now Nifty should go towards 5045-5110 levels. Reversal level for intra day will be 4975 tomorrow.
2) Below 4975, levels of 4935-4890 can be expected.
3) The short term bias is up as long as Nifty trades above 4980 tomorrow. Happy trading :)
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