Nifty: Resistance 5444-5455/5495/5525/5555
Support 5420/5385/5350/5315/5275
Nifty witnessed selling pressure & fell over 1% on rate hike fears & concerns over Greece. With weak global market, Nifty is expected to open gap down by almost 30-40 Pts. Immediate support pegged @ 5385... sustaining below this, Nifty has chances to test support levels of 5350 & lower. On upside, resistance @ 5444-5455 zone, if sustained, Nifty may go upto 5495 & above.
Over all with global -ve sentiments & RBI meet, traders are advised to remain sideline till noon session.
Low level bounce-back from support zone not ruled out before fresh selling pressure emerges.
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