Nifty: Resistance 5757/5777/5815/5840/5858/5888
Support 5735/5712/5685/5666/5630
Nifty witnessed another round of profit booking from higher levels. Nifty didn't sustained higher trend line & witnessed selling from those levels. Nifty is now near strong support area of 5757-5735. If sustains here, we may see some bounceback. A dip till 5750-5630 range would be considered normal after a one sided rally. But fall below these levels will be serious for traders.
Today Nifty may open -ve in line with Global market. Trader should keep eyes on above mentioned support area for some sustainability for bounce back. Above 5815 Nifty may show some good bounce back.
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