Nifty: Resistance 5275/5315/5337/5355/5385
Support 5227/5210/5175-5167/5150/5111
Nifty witnessed panic selling across the bourses & almost tested february lows in matter of minutes, after news came in that the Indian government was in talks with its Mauritian counterpart, to renegotiate the Double Taxation Avoidance Agreement between the two countries. Though some covering came in to see some recovery. Today, Nifty may open +ve with 15-20 pts & may take some time to settle after yesterday's "harassment". Immediate minor resistance @ 5275 & major resiatance @ 5335. Nifty needs to sustain 5275 to show some recovery. Above 5355, Bulls may get some relief. On other hand, below 5210, nifty gets intra weak & below 5175-67, we may see some selloff again.
NIFTY TREND CHART & VIEW : CLICK HERE
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