Nifty: Resistance 5505/5525/5555/5585/5615/5630
Support 5495/5454/54441/5420/5385
Nifty opened up with strong global cues & touched 5600 levels, but profit booking at higher levels, made Nifty to end flat with -ve bias. Today, Nifty may open gap down, in line with weak Asian cues. Immediate support again pegged @ 5454-5444. If this level is held, then Nifty may see some bounce back. Intraday resistance @ 5525... if traded above it , Nifty may see some more bounce to 5555-5585 zone.
Overall, Nifty is expected to trade in -ve zone in early trading time. Metals/Auto stocks may drag in early trade.
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