Gap up opening and then trading with downward bias below 5045 to find support around 4965-4980 levels. VWAP @ close is 5014. Nifty closes at 4974.
1) The trend will continue to be up above 4980 only for targets of 5045-5110-5175.
2) Below 4980, weakness will be more pronounced and support levels will be 4935-4865.
3) The quarterly earning results of Infosys tomorrow will have an impact on the index tomorrow. Today's flat close is a cautious close ahead of the result of the index heavy weight Infy. Happy trading :)
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