Nifty: Resistance 5655/5697/5725/5735/5758
Support 5615/5585/5557/5525/5510-5495
Nifty on Friday performed exactly as written in our post. Nifty witnessed some selling pressure at higher levels after straight 6 day rally. Today, nifty may open with 35-40 Pts gap up. Again, view remains same. Avoid buying at higher resistance zone. Risky traders may again use highs @ 5697-5725 to sell. Nifty closing above 5750 only, may try to extend rally towards 5850-5900 zone. On lower side, Nifty needs to break & sustain below 5630 to make Bears some hold & below 5600 now we may see some correction confirmation for coming sessions.
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