Nifty: Resistance 5577/5617/5639/5666
Support 5555/5525/5495/5445
Nifty opened weak with Global markets & remained in a 15-20 pts zone for maximum time of the day, with some strong recovery seen in late session. Today, Nifty may open gap up with 40-50 pts, inline with Asian market. Immediate resistance zone @ 5577, if sustains, Nifty may head towards 5617-5639 [intermediate psychological resistance @ 5600]. Support now @ 5555. If breaks below it, Nifty may witness some profit booking, with immediate support @ 5525-5495. Below 5495, Nifty may see some more selling session.
Trade with levels.
Happy Trading.
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