Nifty: Resistance 5420/5444/5495/5523
Support 5385/5355/5333/5315
Nifty opened gap up & remained in +ve zone [with volatility] as euro-zone debt worries eased after Greece managed to pull off its key debt-swap deal. With CRR cut on friday, today Nifty may open gap up with 70-80 pts. Immediate resistance @ 5444-5455 zone. If Nifty sustains above this zone, it may move towards 5495 area. On lower side, support pegged @ 5385, if breaks below this & sustains, Nifty may move towards 5333-5315 zone. Over all Nifty may see some volatility at higher zone, with IIP data coming up & budget session starting.
Trade with levels.
Happy Trading.
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