Nifty: Resistance 5495/5525/5555/5599/5615/5630
Support 5454/5420/5385/5353/5315
Nifty witnessed selling pressure from higher levels with heavy selling seen in metals, banks, realty, auto, FMCG and oil & gas stocks. Nifty ended below 5500 crucial mark. For today, Nifty may again open flat/-ve in line with Asian market. Immediate support for nifty on lower side @ 5454.... if sustains below this, Nifty may see some more lower levels of 5420-5385. On up side, Nifty needs to cross & sustain 5525, to resume any pullbacks towards 5555 & above levels.
Metals / Banks witnessed short build up. BankNifty Price & OI data indicates short build-up.
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