Nifty: Resistance 5420/5444-5455/5495/5524
Support 5385/5355/5333/5315/5275
Nifty continued its down move with weak global market & RBI rate hike. Nifty though witnessed a short upswing, but ultimately bears had an upper hand & Nifty closed below 5400. Today, Nifty may open flat/-ve, immediate support @ 5385 & sustaining below this zone, Nifty has support @ 5355-5333 zone. Overall, nifty is in highly oversold zone & may see some bounce back upto 5495-5524 zone before fresh selling pressure sets in. On upside, immediate resistance @ 5420... above it, 5444-5455 will give stiff resistance. Sustaining/closing above this zone, Nifty may see some covering towards further upside resistance zone.
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