Nifty: Resistance 5667/5698/5735/5777/5802
Support 5630/5617/5575/5555/5525
Markets on Friday broke key psychological levels - the Sensex breached the 19,000 mark and the Nifty was trading well below 5700 level. Now nifty has a strong trend support @ 5575 & below it @ 5350.... So we may see some strong bounce back from these zones. If nifty crosses & sustains above 5698, then we may see some strong bounce back on the board.
December inflation numbers have come in at 8.43% compared with 7.48% for the month of November. Food inflation announced on Thursday was up 16.91% in the year to January 1, against 18.32% in the prior week.
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