Nifty: Resistance 5275/5315/5333/5353/5385
Support 5252/5222/5205/5165/5151
Nifty opened kept dragging into red for the whole session on Tuesday, after fresh worries about Euro zone debt crisis caused Global Aversion. Today, Nifty may open -ve with 30-35 pts in line with Asian market. Immediate strong support @ 5222-5205 zone, if held, Nifty may show some good bounce back, with stock specific moves. If Nifty trades below 5205, then a further slide towards 5165 zone can be seen. Overall, till Nifty holds 5151-5115 zone on lower side, positional longs creation can be seen in this dip. On upside, Nifty has resistance @ 5275, if sustains, can se 5315-5333 zone. We may expect some covering from lower support levels despite weak Global Cues.
Trade with levels.
Happy Trading.
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