Nifty: Resistance 5655-5666/5697/5735/5758
Support 5615/5585/5555/5525/5495
Nifty performed exactly as written on Friday. Nifty went pass 5585-97 zone & added on more gains to touch 5650 zone, where it faced resistance. Today, Nifty may open flat with -ve bias in line with Asian market. Immediate support @ 5615, which if broken & sustained, Nifty may see some more profit booking towards 5585-5555 zone. On upside, nifty has resistance @ 5655-5666 zone. Which looks tough for bulls to break. If Nifty break above this zone, then it has chances to trade towards 5700+ zone in coming sessions. Over all, traders are advised caution for today.
Trade with levels.
Happy Trading.
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