Nifty trades flat today below 4965 without much down side with support of a highly bullish news based RIL price movement today. VWAP @ close is 4958 and Nifty closes @ 4956.
1) The bullish trading zone developing is now 4950-4965-5020-5070-5110. Reversal level will be below 4920. A weekly close above 5020 is the immediate target for Nifty.
2) Below 4920, support exists at 4875-4835 levels. A weekly close below 4875 will strengthen the selling and exit pressure. Tomorrow's trading is likely to be more volatile. Happy trading :)
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