Nifty: Resistance 5385/5420/5444/5455/5497
Support 5350/5315/5275/5251/5211
Nifty had another day of sell-off for the 3rd consecutive day & now its hovering around crucial levels of 5350. Today, Nifty may open flat / +ve inline with Asian market. Immediate resistance @ 5385.... if sustains above this, Nifty may move towards its next resistance zone @ 5420. Crossover of this level, may take nifty to 5455 & above in coming sessions. Nifty is now marginal +ve only above 5455 [closing basis] for some decent bounce back towards 5500 & above. On lower side, Nifty has strong support @ 5350, sustaining blw this, may take nifty to further downside & weak for levels for 5200 levels [on closing basis].
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