Nifty: Resistance 5555/5575/5615/5630/5666/5691
Support 5525/5510-5495/5454/5418/5385
Nifty continued its downfall for second consecutive day after RBI policy announcements. Today we may have a flat opening in line with Asian market. Immediate resistance @ 5555, if sustains above it , we may see some more pullback to 5600 odd levels. Crossing & sustaining abv 5630, we may see some short covering coming in till 5691 zone. On lower side, 5525-5510 is very strong support zone. Breaking of this zone may lead to some more crack in coming sessions till 5454-5418 zone.
Market trading in highly oversold zone.
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