Nifty giving away after the gap down open below 5170 and never really looked to recover and breached the 5-EMA/SMA level comfortably and closes below 5100 level @ 5087. VWAP @ close is 5145.
1) The week begins on a negative note and now further fall below the crucial support level of 5075, Nifty likely to test 4930 support levels after a small bounce up to 5110 tomorrow.
2) Important technical levels given on the 52-week chart on the weekend post and there is not much change to the views otherwise. Happy trading :)
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