Nifty: Resistance 5385/5415/5444/5477
Support 5353/5333/5315/5275
Nifty witnessed a volatile session with Nifty slipping into red in late session & hitting fresh intra lows. Selling pressure from 5400 zone was again visible clearly. Nifty may open lower today with 25-30 pts loss, in line with Asian makret after Greek leaders fell short of a full agreement on a rescue plan. Immediate resistance pegged @ 5385-5415. If close above this zone, fresh upmove can be seen, else highs will be shorted by traders. On lower side, 5315-5333 is a strong support zone, till holding, dips are ok for bouncebacks. If Nifty breaks below it, expect some selling pressure to build in & take nifty towards 5250-5210 zone.
Till this either side, levels are holding, expect a volatile session in this range only.
Trade with levels.
Happy Trading.
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