Nifty trades flat and then negative in morning session trades and recovers with support around the 5-SMA level of around 5160, Nifty moves back again for the highest close in many months. VWAP @ close is 5223. Nifty closes at 5236.
1) Targets above 5240 are 5280-5315. The level of 5170 remains the reversal point.
2) Below the level of 5170 only shorting can be thought of for target of 5110-5070. Happy trading :)
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