Nifty: Resistance 5355/5333/5355/5385
Support 5315/5275/5255/5222
Nifty opened & remained weak after gap down opening inline with Global cues. Market was also negatively affected after China issued a lower economic growth forecast for this year. Today, Nifty may open lower in line with Asian market. Immediate good support @ 5275... if breaks, then Nifty may see some more correction, if held, Nifty may see some bounceback. On upside, above 5333, nifty may see some upside towards 5355-5385+ zone. Below 5275, Nifty may see 5255-5222 zone. Due to election results, market may remain volatile. Avoid risk trading.
Trade with levels.
Happy Trading.
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