Nifty: Resistance 5555/5585-5597/5615/5630
Support 5525/5495/5455/5415
Nifty took lead from bearish global cues & more bearishness was added by disappointing sales forecast by Infosys and continued sluggishness in IIP data. Today, nifty may open gap up with marginal gains of 10-15 pts inline with Asian market. Immediate resistance @ 5555, if nifty sustains above this zone, Nifty may see some more upswing towards 5585-5597 zone. Sustaining above this, Nifty would try to gain more momentum towards higher levels. On lower side, 5495 is immediate support. Break below this level, we may see some more bearishness.
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