Nifty: Resistance 5555-5565/5589/5630-5636/5666
Support 5525/5505-5496/5455-5444/5420
Nifty kept +ve momentum kept with low pace & closed marginal blw 5555 level. For today Nifty may +ve with 15-20 pts. Immediate resistance @ 5589, we would maintain our cautious view at higher levels now, till we close above 5630. On lower side, Nifty now has strong supp @ 5525. Breaching blw 5505-5496 levels, may take nifty to correction mode for the coming sessions.
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February 18, 2011
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