Nifty: Resistance 5555/5585/5615/5630/5666/5699
Support 5525/5495/5455/5420/5385
Nifty witnessed good short covering post election results coming out.
For today, Nifty may see flat/-ve opening in line with Asian Market. For any upmove to retain, Nifty needs to give close above 5585. Above 5615, Nifty may try to keep momentum up. On lower side, immediate intraday support @ 5525, if Nifty sustains below this range, we may see 5495. Further sustaining below 5480, Nifty has chances to touch 5455/5495.
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May 15, 2011
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