Nifty: Resistance 5385/5420/5444/5495
Support 5355/5333/5315/5275
Nifty opened & remained weak through out day, with some late session recovery seen. Nifty remained in 30-40 pts range throughout day. Today, Nifty may open gap up with 20-25 pts in line with Asian market. Immediate stiff resistance @ 5420. If Nifty sustains above this zone, it may show some more covering towards 5444+ zone. On lower side, good intraday support pegged @ 5355, below it, 5333-5315 levels are crucial to be watched. Over all, expect Nifty to trade in a range.
Voltas looking good for short term. can be accumulated in dips.
Trade with levels.
Happy Trading.
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