Nifty: Resistance 5464/5477/5500/5525-5530/5555
Supports 5444-5450/5415/5408/5385
Nifty cracked from resistance zone of 5477 & took support @ 5444 ( as written yesterday). For today, Nifty may open flat in line with Asian market. Immediate resistance on upside still pegged @ 5477.... closing above this only +ve for upcoming days & till 5555 is not crossed, rises are for exiting longs. Below 5444, if sustained, Nifty may see fresh shorts formation.
Over all stay light in positions on either sides, till 5410 or 5525 is breached to decide next move.
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