Nifty: Resistance 3370/3399/3414/3434
Support 3330/3311/3280/3220
After opening gap down inline with Asian Market, Indian indices recovered smartly taking support at lower area near to our suggested levels. Nifty remained in a range with some unexpected big swings in later hours of day, making hard day for traders.
3330/3311 are the levels to be watched out as immediate support & 3220 as the level to decide further trend on downside. On upside, 3414-3434 are the levels which will decide the level of up-side rally. So, basically Nifty is in No-Mans-Land range with scope of either side movements.
Expect a flat/+ve opening in line with Asian market.
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