Nifty: Resistance 5420/5444-5455/5495/5525
Support 5385/5355/5333/5315
Nifty remained under pressure along with Global Market on Tuesday. Today, Indian market may open gap down with 40-50 pts, after US market witnessed a sell off. Immediate strong support zone 5420-5385. Nifty if sustains this zone, then we may see some buying interest coming in. Resistance @ 5420, above this, 5444-5455 zone is possible to touch. Crossover of this zone, may further take nifty to 5495++ zone. On lower side, Nifty if sustains below 5385, may turn weak for some more weakness towards 5355-5333 zone. Overall nifty in oversold zone & a bounce back to 5500+ zone not ruled out on clearing resistance zone.
Trade with levels.
Happy Trading.
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