Nifty: Resistance 5525/5555/5577/5615
Support 5495/5455/5420/5385
Nifty cracked in late trade & below 5577, as mentioned in yesterday post, it witnessed good profit booking, lead by banks. Today, Nifty may open flat/-ve in line with Asian market. Immediate support @ 5505-5495 zone. If breaks & sustains below this zone, Nifty may see some more selling pressure setting in towards 5455 & lower. On upside, resistance @ 5555, if sustains above this zone, Nifty may move towards 5577-5615 zone. Overall we may see some rangebound stock specific moves ahead of February expiry.
Trade with levels.
Happy Trading.
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