Nifty: Resistance 5495/5510-5525/5555/5585/5615
Support 5454-5444/5420/5385/5354/5333
Nifty continued to witness selling pressure for Ninth consecutive day, the longest period in a decade. Nifty below 5510 cracked to test 5454 level as written yesterday. Nifty is near to its crucial support @ 5454-5444... if sustains, we may see some decent bounce back to 5500+ zone. Above 5525, we may see some more upside till 5585-5615 odd range before fresh pressure sets in. On lower side, sustaining blw 5444, we may see 5400 range. Lower strong supp level pegged @ 5354.
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