Nifty: Resistance 5525-5530/5555/5575
Support 5451-5440/5420/5415/5385/5350
Nothing to say, of what all saw above 5451... yesterday, we wrote of immediate trend decider level on upside @ 5451 & as it broke, Nifty went to touch 5500.Though the rally lacked conviction & selected stocks movement was there. Still, long commitments are needed to be avoided, as proper breakout is still needed. Expect flat opening inline with Asian Market. Immediate downside trigger can be seen below 5451-5440 range, but major trigger can be seen after breaking 5420.
Buy Nifty 5500 Pe around 40-45 SL @ 5530 ( Closing Basis ) -- Ltd Qnty Advised.
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