Nifty: Resistance 5577/5617/5639/5666
Support 5555/5525/5495/5445
Nifty performed in line with our expectations on friday. After gap up in nifty, profit booking was seen at the higher level and market closed off highs. Today, Nifty may open flat/-ve , inline with Asian market. Immediate support @ 5555, if trades/sustains below it, Nifty may see some more selling pressure towards 5525-5495 zone. On upside, resistance pegged @ 5617. If sustains above it, we may witness fresh buying coming in & Nifty may head towards 5639-5666+ zone.
Trade with levels.
Happy Trading.
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