Nifty: Resistance 5945/5959-5965/5991/6006/6036
Support 5905/5880/5840/5808
Nifty opened gap down & from there it lost 200 points intraday, before having some recovery & closing above 5900. 5880-5840 range proved vital & it held Bulls chances to bounce back. Today, expect a flat/+ve opening & in early hour, to trade in range of 5965-5905. If nifty cross & sustains 5991...we may expect upside rally to 6060+ zone. On downside, 5840, is still a very strong technical support [closing basis].
Ahead of expiry, expect stock specific actions in Fertilisers & Banks.
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