Nifty: Resistance 5455/5495/5525/5555/5594/5630
Support 5415-5420/5385/5350/5311/5275
Nifty witnessed good upside & covered weekly loss to some extent. Today, Nifty may open gap down in line with weak Asian market. Immediate intraday support pegged @ 5415-5420 zone. Breaking & sustaining below this zone, Nifty gets weak for some selling pressure. On higher side, Nifty has stiff resistance @ 5455, crossover of which, may take Nifty to test 5495+ zone.
Overall, as per options data, May Month Expiry seems to be below 5500, until there is some trigger.
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