Nifty: Resistance 5510/5525/5555/5587
Support 5455-5444/5420/5385/5350
Nifty opened with losses in line with weak Global Cues. But as written in yesterday's post, Nifty recovered from lows & went in +ve zone in mid noon session before closing flat. Today, nifty may open flat/+ve in line with Asian market. Immediate minor resistance @ 5510, above it it may face resistance @ 5525, sustaining this zone, Nifty may seek further upside tgt to 5555-5587 range. On lower side, Nifty has strong support @ 5444, sustaining below this, Nifty may slide further towards lower support zone.
Over all, sideways movement with low volumes may continue till proper breakout/breakdown trigger is seen.
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