Nifty trades in a very narrow range of 4695 to 4760 and closes flat for one more session at 4743. VWAP @ close is 4740.
1) This is the fifth consecutive close above 4720 for Nifty and now still above the 5-EMA level of 4738 but below the 5-SMA level of 4753. Views remain same once again for tomorrow with longs only above 4790 for target of 4850-4930.
2) Below 4690, Nifty could test 4650-4600. Happy trading :)
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