Nifty: Resistance 5455/5495/5525/5555
Support 5420/5385/5353/5333
Nifty opened firm +ve & gained through the course of time with some mid noon volatility. Nifty closed almost 2% up after 4 days of correction. Today, Nifty may open gap up with 35-40 pts, inline with Asian market. Nifty will face stiff resistance @ 5495-5525 zone in today's gap up opening. Traders are advised to be cautious with longs at this zone. Sustaining above this, Nifty can see some more buying towards 5555-5570+ zone. On lower side, 5420 is good intra support, below it, Nifty has support @ 5385. If breaks, expect some more selling pressure coming in.
Trade with levels.
Happy Trading.
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