Nifty trades in the negative zone with gap down opening and range bound to recover with some short covering rally to end the day at 4800. VWAP @ close is 4780.
1) Views remain same as yesterday with reversal only above 4865 and Nifty moving towards 4935+ close.
2) Fresh lows can be expected if today's low of 4728 breaks towards 4690-4630.
3) Bias is negative and some change in the negative bias can only be expected after the RBI policy review this weekend. Happy trading :)
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