Nifty: Resistance 5558/5585/5611/5630/5666
Support 5525/5510/5495/5451/5425/5404
Nifty witnessed some good upmove went pass 5600 in morning session, but later half selling, made Nifty slip to touch intra lows & closing flat for 2nd consecutive day.Today, view remains same as past 2 sessions. 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.
Nifty is taking support @ 5500 levels & facing resistance @ 5600..... either side breach with volumes will lead to further good swing.
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