Nifty trades flat for one more session today and being within range bound limits of the levels 4730-4780 without testing the support or resistance levels of 4725/4790 on spot prices. VWAP @ close is 4768. Nifty closes @ 4750.
1) Views remain same over the last two days for tomorrow too with longs only above 4790 for targets of 4850-4925-4980.
2) Reversal level remains below 4725 for targets of 4680-4640.
3) After three sessions of consolidation around 4750, tomorrow the last day of the first weekend close of 2012 assumes significance and increase in volumes only will take Nifty up further as volumes are much lower than average. Happy trading :)
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