Nifty: Resistance 5816-5820/5840/5858/5888/5915
Support 5777/5757/5734/5712/5688
Nifty witnessed selling pressure in second half of trading session after a flat opening. Technically, Nifty got weaker by closing below 5800, but sustainability would be important to conclude. For today, Nifty may open flat & will face immediate resistance @ 5816-20 range. If sustains this range, Nifty may move upto 5840-58 range. Further upside possible only by crossing above 5858. On lower side, 5777-5757 offers good cushion to this fall, sustaining/closing below this levels, Nifty gets weaker for more fall.
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