Nifty: Resistance 5504/5525/5555/5579/5601
Support 5454/5444/5420/5385/5353
Nifty witnessed a consecutive second day of upmove. Nifty now enters tight resistance zone of 5525-5555. If Nifty this time clears the hurdle zone, then we may see some upmove till 5600-5700+ zone, else we may see some profit booking again. On lower side Nifty will get good support @ 5444 today. Below this level, Nifty may see some profit booking set in till 5385 zone.
Today, Nifty may open marginal up with 10-15 pt gains. Over all, Nifty is expected to trade in a range of 5444-5525 range & either side break will lead to further move.
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