Nifty: Resistance 5525/5555/5585/5615
Support 5500-5495/5455/5418
Nifty remained sluggish as indicated in yesterday's post & closed below 5555 zone. Today we may continue seeing the moves in same way Nifty may open gap down with 40-50 pts in line with Asian market. Immediate resistance pegged @ 5525 & crossing above this zone, resistance seen @ 5555-5585. Nifty will get some support @ 5500-5495. Closing below this zone, nifty gets more weak in coming days for lower levels.
Either side break & sustain will bring further moves.
Being July month expiry, we may see some spiky moves during the day, so traders are advised to be cautious.
Trade with levels.
Happy Trading.
For any query, be online at our chatroom.
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