Nifty: Resistance 5295/5315/5335/5353/5385
Support 5255/5210/5175/5152/5111
Nifty, as expected, after massive sell off on Monday, Nifty rebounded in Tuesday's trade, but witnessed selling pressure at higher levels & closed with moderate gains.Today, we may see some moderate gap up opening with 25-30 pts. Immediate resistance @ 5315-5335 zone.... if sustains, Nifty may see some upswing towards next resistance levels of 5353-5385. This upmoves is just a bounce backs from oversold area only & not a uptrend. On lower side, below support range 5225-5210, nifty gets intra weak & below 5175-67, we may see some selloff again.
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