Nifty: Resistance 5666-5697-5737-5757
Support 5615-5630-5585-5555
Nifty had another range bound consolidation session within a narrow range of 5630-5650. Today, we may expect nifty to open with marginal gap up of 10-15 pts in line with Asian market. Ahead of results starting to pour in from next week, we may see some range bound sessions till then. Immediate intraday resistance @ 5666, if nifty sustain above this zone, Nifty may see some upswing towards 5685-5697 zone. On downside, 5615 keeps a good support for break downs to hold. Till nifty is holding this level, we may see some bounce backs coming back in dips.
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