Nifty: Resistance 5450/5464/5477/5500/5525-5530
Supports 5415/5408/5385-5372/5350
Nifty showed some good move once it cleared 5415 hurdle... but lacked much volumes. For today, watchout for 5450-5477 range, if nifty faces resistance at this zone, nifty can be shorted positionally. On lower side, Nifty needs to break 5385-72 range for short term correction confirmation... sustaining below 5350, Nifty may see correction upto 5222 range.
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