Nifty: Resistance 5315/5333/5355/5385/5420/5444
Support 5275/5250/5210/5190/5151/5111
Nifty shattered on sharp spike up in crude oil prices in international markets on expiry day of February.Negative sentiments prevailed across all sectors and banking was the worst among them. Other prime losers include auto, realty and capital goods. The Sensex closed at 17632, down 545 points from its previous close, and Nifty shut shop at 5262, down 174 points.
For today, Nifty may open +ve in line with Asian market. Immediate resistance @ 5333, if nifty crosses & sustains this level, we may see some upside moves, else some booking may again come in. Below 5275, nifty turns weak & more Intraday booking may come in.
Leverage traders better trade hedged on both side.
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