Nifty: Resistance 5482-5491/5525-5530/5555
Support 5464-5454-5444/5420/5385
Nifty saw some volatile session in early hour of trade, before seeing spike upmove. As written, above 5454 range, Nifty went on to touch almost our given levels of 5491 (but lacked convincing volumes).Intraday, Nifty is expected to open gap up with 20-30 Pts , inline with +ve global cues. Immediate resistance @ 5525-30 range. Which Nifty may find hard to break... if broken & sustained, further upside ti 5555+ zone may be seen. Break below 5464-5454 range, Nifty turns weak.
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