Nifty: Resistance 5151/5175/5210-5225/5252
Support 5115/5090/5050/5005-4990
Nifty had a quiet range bound day ahead of U.S Fed Meet. Nifty for the 3rd consecutive time, made a failed attempt to cross & sustain above 5175 zone. Nifty witnessed selling pressure from same zone & closed in -ve zone. Today, Nifty may open -ve with 50-60 pts in line with Asian market. Immediate strong support @ 5090, if sustains, below this zone, Nifty may see some more pressure building in towards 5050 & lower support zone. 4990 holds to be a strong support for over all dip, below it more sell off can be seen. On upside, 5175 again remains to be a strong resistance for bulls to cross & resume strong upmove.
Trade with levels.
Happy Trading.
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