Nifty: Resistance 5495/5525/5555/5579
Support 5420/5385/5353/5333/5275
Nifty after bearish weeks, continued its rally & ended above 5444 level. Today, nifty may open flat & may see some pressure at initial trading. Nifty, if goes below 5420, may see some selling pressure. Immediate resistance @ 5495, if crossed, we may see another rally upto 5555 zone. On lower side, below 5420, immediate support @ 5385, which if broken, a short dip to 5333-5275 is not rule out. We may see some stock specific action in RCOM/Unitech & Cement sector.
Trade with levels.
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