NIFTY is at 5207 as I am writing this. It had gone down to a low of 5183 this morning so far. Considering that US Markets are down by over 1.5 %, I would consider less than half percent drop at NIFTY as a reasonable performance.
Remember 5190 is our 200d EMA and it is a crucial level. A firm close below this level can change lot of equations. So lets see how it goes.
Will try to chip in with a EOD post. Till then happy trading...
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