Nifty: Resistance 5630/5666/5679/5700
Support 5615/5597-85/5555/5525
Nifty had a quiet start to the day & traded in -ve zone for initial trading hour. Nifty performed exactly as penned yesterday. It held support zone of 5555 & after holding resistance zone of 5585-97 it went to touch & cross 5630 zone. Today, we may see some marginal +ve opening in line with Asian market. Stiff resistance @ 5666. If sustains this zone, Nifty may see some more upside rally to continue towards crucial zone of 5700+ [with 5679 as minor hurdle in between], else profit booking may set in. Below 5585-97 now, Nifty tends to get weaker for some intraday booking towards 5555-5525 zone [with 5555 offering ample support].
Trade with levels.
Happy Trading.
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