Nifty: Resistance 5464/5477/5500/5525-5530
Supports 5450/5415/5408/5385-5372
Nifty had last hour breakout, but lacked volumes. Nifty immediate resistance @ 5477.On broader view, Nifty may NOT break & sustain 5525-5530 zone. We are just cautioning readers to avoid higher levels to buy. Nifty need to close below 5415 for immediate correction to set in. Leverage traders may hedge there portfolio with 5400 Pe. Intraday strong support @ 5450 now, break below this, Nifty may see some profit booking upto 5415-20 range.
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