Nifty: Resistance 5480-5495/5510/5525/5555/5599
Support 5440/5420/5385/5355/5315
Nifty cracked hard lead by heavyweights like SBIN & ONGC. For today, Nifty may again open flat. Immediate support @ 5440/5420. Nifty upmove, if any, will face stiff resistance @ 5495. Overall, Nifty trend is bearish, after continuously breaking supports. Traders are advised, to avoid take longs @ current levels. Sensex has strong supp @ 18000, blw it, supp @ 17300 levels.
SBI is advised to be avoided for trading.... sentiments may drag further. 2200 is support @ 50% retracement.
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