Nifty: Resistance 5315/5333/5355/5389/5420
Support 5275/5251/5222/5210/5190
Support 5275/5251/5222/5210/5190
Nifty opened gap up & traded in +ve zone for the day, with some jump in noon was seen, after announcement that P-notes, will have no tax liability in India. Today, Nifty may open flat in line with Asian markets. Immediate support @ 5275, if Nifty sustains below this, it may correct towards 5250-5222 & lower levels. On upside, Nifty needs to sustain above 5333. Above it, Nifty may move towards 5355-5389 zone.
Overall, Nifty may remain rangebound, if without any trigger, ahead of shortened trading week.
Happy Trading.
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