Nifty: Resistance 5315/5333/5350/5385
Support 5275/5255/5222/5191
Nifty opened with gap up & scaled towards 5300, after European leaders agreed on a growth and bank recapitalization plan for Europe which is designed to alleviate the worst of the current debt crisis gripping euro-zone. Today, Nifty may open with flat/ marginal gap up, inline with Asian market. After steep rise, some booking may set in. Immediate intra resistance @ 5333-5350. Nifty on lower side, good support @ 5275, if break below it, some more selling pressure may set in towards 5250-5222. Above 5355, Nifty may see some more buying interest.
Trade with levels.
Happy Trading.
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