Nifty: Resistance 5355/5385/5420/5444/5497
Support 5331/5310/5275/5251
Nifty remained highly volatile & closed flat, after witnessing profit booking in last 30 min, after trading in a 50 pts range through out day. Today, Nifty may open with marginal gains in line with Asian markets. Nifty may remain rangebound in initial trading hour ahead of IIP data. Nifty has good resistance @ 5355-5385, above it, Nifty may move & face resistance 5420. On downside, Nifty if sustains below 5331, small dip may set in towards 5310-5275 zone. Nifty overall strong & in buy dips mode till 5251-5222 is saved closing basis.
Trade with levels.
Happy Trading.
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