Nifty: Resistance 5450/5464/5477/5500/5525-5530
Supports 5415/5408/5385-5372/5350
Nifty tried hard but was exhausted to cross 5450 range. Nifty (spot) remained in a range of 5430-5445 [15 points] wholeday. For today, Nifty needs to break & sustain 5415 on downside for immediate booking to set in. On upside, 5450-5477 range is crucial for bulls [also written in yesterdays post]. Risky traders may use this resistance zone to short for positional hold & buy around support zone, till one side trend is clear.
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