Nifty made a gap up open to make a high of 5030 it could not sustain there and made a low of 4911 and closed at 4940 which is 5 points down from previous close.
Nifty is not able to move any decisive move on either side it will make the decisive move only after the RBI policy announcement.
Still that the upper side 5200 is open and in down side 4900 and 4840 will provide good support.
As of now one can consider going long around 4915-4930 by keeping 4885 as stop loss for the target of 4995 , 5030 and 5070
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