Nifty: Resistance 5495-5525-5555-5585
Support 5454-5444-5420-5385-5355-5315
Nifty performed exactly as penned yesterday. Despite bearish global cues, nifty took support @ 5385 zone & bounced back sharply & above 5455, touched 5500+ zone. Today, nifty may open flat/+ve in line with Asian market. Immediate resistance @ 5525.... If nifty sustains this, we may see some small jump till 5555. Above 5555 [closing basis] Nifty is strong, else we may see some small booking. Below 5454 intraday, we may see some small booking till 5400-5385 levels.
Expect a rangebound session.
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