Nifty trades range bound after a good opening and trading mainly in the range of 4800-4860 levels. VWAP @ close is 4830 and Nifty closes the day above the 5-EMA level @ 4805.
1) Bias is positive for intra day only above 4860 for target of 4920-4970.
2) Below 4800, Nifty could fall well below today's low of 4787 to earlier lows of 4720-4640. Happy trading :)
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