Nifty: Resistance 5615/5630/5666/5697/5735
Support 5585/5555/5525/5500-5495/5451
Nifty remained under pressure on Monday on disappointing jobs data from the US and fresh worries on the sovereign front, this time concerning Italy. Intraday, with extreme weak global cues, nifty is expected to open gap down with 40-50 pts. Immediate support @ 5585, if sustains below this, Nifty may see some more weakness towards 5555-5525 zone. On upside, resistance now pegged @ 5630-5666 zone. Until its crossed & sustained, pullbacks will be shorted by bears. On deep lower side, 5495 is last hope for Bulls to see some pullback after this steep fall.
Infy result & IIP data may also set sentiments for the session.
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