Nifty: Resistance 5477/5500/5525-5530/5555
Supports 5464/5444-5450/5415/5408
Nifty showed 100% movement as written yesterday's post. Above 5444-5450, nifty gave good upswing to 5477+. For today,Nifty may open gap down with 15-20 Pts in line with Asian market. Immediate resistance on upside pegged @ 5477 - 5500 zone, positional further upside movement now expected above 5530-5555 range. On downside, now strong support @ 5450... break below this level, Nifty may see some more Intraday correction to 5420-5405 range. Trade with range & do not leverage.
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