Nifty closes in negative territory closer to crucial support level of 4865. VWAP @ close is 4889. Nifty closes at 4866.
1) The reversal level for Monday is 4935 on spot prices for target of 5000-5065 and today Nifty has found support around 4840-4865 level and close around this support level.
2) Below 4865, next support level will be 4785-4700.
3) Nifty has closed below the 5-EMA level for the second consecutive day now. Happy weekend. Happy trading :)
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