Nifty: Resistance 5558/5585/5611/5630/5666
Support 5525/5510/5495/5451/5425/5404
Nifty witnessed a weak start with selling pressure witnessed at higher resistance level as mentioned in yesterday post, but post noon recovery managed nifty to close flat. Today, view remains same as yesterday. Sustaining above 5585, nifty may see some more short covering to 5611-5630 zone. Above 5630, Nifty may see 5666+ zone. On lower side, support @ 5525 & 5495, if breaches this levels, Nifty may head south for more booking intraday.
Over all no signs of fresh rally is seen except some pullbacks from lower oversold range.
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