Nifty: Resistance 5420/5444-5454/5495/5504/5525
Support 5385/5352/5333/5315/5300/5273
Nifty continued witness some more selling pressure from higher resistance zone & closed near strong support zone of 5385-5400 range. Today, Nifty may open marginal gap up in line with Asian market. It will face immediate resistance @ 5420-5444 range. If nifty sustains this range, it may see some more upside till 5495-5504. On lower side, sustaining below 5385, Nifty turns weak for more correction. Lower side strong support pegged @ 5333.
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March 21, 2011
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