Nifty: Resistance 5593/5616/5630/5655-5666
Support 5568/5555/5530-5525/5510/5491
Nifty showed a good breakout once it broke 5491-5510 levels ( as written yesterday ) & ignored all fundamental weakness to hit 30 months high. Intraday expect flat opening inline with Asian market. Now, sustaining above 5593 only we may see further upside with small hurdles on path. On lower side, if 5568-5555 range is broken, Nifty may see some profit booking, with 5510-5491 now acting as good support range.
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