Nifty: Resistance 5587/5616/5630/5655-5666
Support 5568/5555/5530-5525/5510
Nifty had another upside thrust move & closed above 5600 ( Spot ), Nifty fut faced resistance at our level of 5616. Though momentum is still quiet bullish, with some indicators giving some -ve divergence at top. Traders may use highs to buy some puts @ higher range of 5587-5616 sl 5666. Intraday, expect gap down opening with 25-30 pts in line with Asian market. Immediate support pegged @ 5568-5555 & resistance 5587-5616.
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