Nifty: Resistance 5495/5504/5525/5545-5555/5575
Support 5454/5420/5400-5385/5353/5333
Nifty witnessed some selling post RBI policy announcement. Today, Nifty may open marginally +ve. Immediate resistance @ 5495-5504, if sustains this range, we may see some more upside moves till 5545-5555. If nifty, doesn't sustains this range, we may see some more booking till 5454-5420 range. 5400-5385 will offer very good support, so risky traders may think of longs in this range.
DLF looking good in dips.
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March 18, 2011
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