Nifty: Resistance 5444-5454-5464/5482-5491
Support 5420-15/5385/5353/5331/5315
Nifty had some wonderful movement, giving traders to trade on both side, with mentioned levels 5385 & 5464 playing there role. Intraday, Nifty is expected to open gap down, near support area of 5385 due to extreme bearish global cues. If 5385 is sustained, a jump may be seen to 5415-20 range. Critical resistance @ 5444-5454 on upside, which if not cleared, Nifty may again see selling pressure. Below 5385, Nifty may see more weakness towards 5353-5315 range.
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