Nifty: Resistance 5420/5444/5455/5494
Support 5385/5355/5333/5315/5275
Nifty opened gap up with the Banking stocks, after RBI's CRR cut of 75 BPS. Nifty traded in just 30-40 pts range for maximum time of the day, with selling pressure seen @ higher zone of 5400-5420 area. Today, Nifty may open gap up with 30-35 pts in line with Asian market. Immediate resistance zone @ 5420-5444 zone. If Nifty sustains, it may head towards 5494. On lower side, nifty has support @ 5385, sustaining below it, it may see 5355-5333. Overall, expect rangebound market with alot of volatility ahead of Budget.
And.... Voltas zoooomed. I hope you all liked.
Trade with levels.
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