Nifty: Resistance 5355/5389/5420/5444
Support 5333/5315/5275/5251
Support 5333/5315/5275/5251
Nifty future opened flat and had a volatile session. Nifty closed with decent gains, with not much of trigger, Nifty remained range bound in late trade. Today, Nifty may open with minor gap up of 15-20 pts. Nifty has immediate stiff resistance @ 5389-5420. If sustains, Nifty may see 5444-5490 zone in coming sessions. On lower side, Nifty needs to break/sustain below 5333. Below this, Nifty may see 5300-5275 zone. Nifty has made a good base @ 5200-5150 zone as per our past posts. So, any dips to this zone, can be utilized for buying.
Without any trigger & upcoming long weekend, we may see range-bound moves with some selling pressure from higher resistance zone.
Happy Trading.
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