Nifty: Resistance 5555/5585/5597/5615/5630/5666
Support 5525/5495/5451/5420/5385
Nifty bounced from lows after weak Global cues, but closed below previous day's close. We may see some sideline movements before a trend sets in. For today, Nifty may open flat/-ve inline with Asian market. Immediate support pegged @ 5525, breaching & sustaining below this, Nifty may see some more fall till 5495-5451 range. On higher side, Nifty will face immediate resis @ 5585-97 zone. Sustaining this zone, may lead nifty towards higher target range of 5615-5630+.
Closing above 5630, Nifty may test 5700+.
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