Nifty: Resistance 5420/5455/5490/5520
Support 5380/5355/5330/5315
Nifty opened & traded firm with +ve bias for the day & closed 1% up. Nifty has stiff resistance @ 5420 now. Nifty may see some profit booking from this resistance zone, if unable to hold. Today, Nifty may open gap down in line with Asian market. On lower side, Nifty has support @ 5380, break below it, Nifty may go down till 5355-5315 zone. Close below 5333 levels, Nifty immediate trend may change to short term correction. On upside, nifty needs to sustain above 5420, to regain its upward momentum towards 5455+ zone.
[all levels spot]
Trade with levels.
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