Nifty: Resistance 5555/5585-97/5615/5630/5666
Support 5525/5495/5451-5444/5420/5385
Nifty after trading weak in line with Asian market, bounced back sharply from lower support range of 5495 & closed +ve in later half of day. Today, Nifty may open -ve in line with weak Asian market. Again Nifty has taken support @ 5495 range yesterday, so today too, 5495 will be watched keenly by traders for any +ve move. If this support is breached, Nifty may slide further to tests support range of 5451-44. On upside, Nifty has resistance @ 5555, sustaining above this, Nifty may move upto 5585-97 range. Sustaining this resistance zone, Nifty may move further up to 5615+ zone.
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