Nifty: Resistance 5355/5373/5420/5444
Support 5331/5312/5290/5270
Nifty opened & gained in late trade. Nifty managed to cross 5355 resistance zone & closed above it, to hit 14-week highs. Today, Nifty may open gap down with 25-30 pts in line with Asian market. With result season starting, Nifty may now get trigger for either side movement, after consolidating in 5270-5350 zone. Immediate resistance @ 5355-5373. Crossing/Sustaining above this zone, Nifty may try to change trend & move further higher side. On lower side, Intraday support pegged @ 5331. Below this, Nifty may test 5312-5290 zone. Breaking these, Nifty may move towards 5250-5220 zone.
Trade with levels.
Happy Trading.
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