Nifty: Resistance 5525/5555/5587-97/5615
Support 5495/5455-5444/5420/5385
Nifty opened up & remained inn green for whole day. Though it faced resistance from higher zone & saw selling pressure post high Inflation Data. Today, nifty may open flat/-ve inline with Asian market. Immediate resistance again @ 5525... if Nifty sustained this level, may see some upside till 5555 & above 5555 [with volumes] may take nifty further upto 5587-97 range. On lower side, Nifty has strong support @ 5495, sustaining below this, Nifty may slide further towards lower support zone.
Over all, sideways movement expected will further proper breakout/down.
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