Nifty trades in the lower end of the trading range with gap down opening in anticipation of GDP numbers and recovers to close at 4832. VWAP @ close is 4805. Nifty closes at 4832. Nifty enters the month of December with a close above 5-EMA/5-SMA level.
1) Fresh intra day longs only above 4860 for targets of 4900-4935-4970.
2) Below 4800, Nifty will be weak and good enough to test lower levels for range extension below the recent lows towards 4600-4530. Happy trading :)
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