Nifty: Resistance 5697/5712/5735/5758/5777
Support 5666-5655/5630/5615/5585
Nifty had an exceptionally good session in comparison to its peer Asian group. Nifty outperformed global cues & traded firm green after initial jerks. Above 5666, as written, Nifty went pass 5700 mark. Today, Nifty is expected to open with marginal gap up in line with Asian market. Immediate resistance pegged @ 5712. If Nifty manages to sustain above this level, then nifty tends to get some more bullish for upswing towards 5735-5758 zone. On lower side, 5666-5655 will now offer good support to any intraday dips. Today ahead of RBI policy, we may see some flattish trades in initial trading hour, before deciding any trend.
Trade with levels.
Happy Trading.
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