Nifty: Resistance 5525/5555/5591/5615/5630/5666
Support 5495/5455/5444/5420/5385/5355
Nifty after a weak start took support @ 5420 range & bounced sharply to 5525+ zone. Today, Nifty may open down with extremely weak global cues. Intraday support @ 5455-5444 range, which if held nifty may see some bounce back. Immediate resistance @ 5555... if sustained this level, Nifty may see upside rally to continue towards 5600+ zone. In gap down opening, If nifty moves up above 5505, we may see some buying.
RIL may open up with 4-5% gains. Do not buy fresh in 1000-1020 range.
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