Nifty: Resistance 5525-5555-5585-5615-5630
Support 5451-5544-5420-5385-5350-5315
Nifty, as written on Friday, after breaching support of 5525 went on to touch low of 5450 range. Overall market is trading with Average volumes. Today, Nifty may open with marginal gap down in line with Global market. Immediate resistance now @ 5525...if crossed & sustained, Nifty may see some covering upto 5555. Sustaining, above this range, 5585-97 is possible. On lower side, 5451-5544 is immediate strong support, sustaining below this range, Nifty may see more selling pressure towards support range of 5420-5385 range. Avoid shorting at lower levels, near support zone.
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