Nifty: Resistance 5385/5415-5452/5495
Support 5353/5333/5320-5315/5290/5275
Nifty opened gap up & traded in a narrow range for the maximum time of the day & hitted 5353+ zone as written. Today, Nifty may open marginal gap up with 15-25 Pts, inline with Asian market. Immediate stiff resistance @ 5385-5415 zone.... Nifty bears are expected to hold this zone. If, this upside zone is broken, then shorting is advised to be avoided. On downside, sustaining below 5290, Nifty can only be termed weak for profit booking.
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