Nifty: Resistance 5385/5415/5450/5495/5525
Support 5352/5315/5275/5253/5210
Nifty had a silent day with +ve moves & closed flat. For today, Nifty may again open flat/-ve in line with Asian market. Immediate resistance @ 5385... sustaining this level, Nifty may head towards 5415-5420 range. Crossing this level, may take nifty towards 5450+ zone. On lower side, Nifty has strong support @ 5352, if held, can show some bounce back, else some dragging towards 5315 & lower levels possible.
ADAG pack in highly oversold zone & also SBI near strong supp @ 2200.
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May 25, 2011
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