Nifty: Resistance 5355-5385-5420-5455
Support 5333-5315-5275-5255
Nifty continued its correction & with added pressure from weak global sentiments, Nifty corrected almost 3%. Today, Nifty may open gap up with 25-30 pts in line with Asian market. Immediate resistance @ 5355-5385 zone. If nifty sustains, it may show some upmove towards 5420, where it will face stiff resistance. If crossed & sustained, Nifty may show some more covering for higher zone. On the contrary, if not able to sustain, fresh selling pressure may set in from this zone. Immediate support @ 5333-5315, break below it, Nifty may see some more fresh selling pressure towards 5275-5250 zone.
Trade with levels.
Happy Trading.
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