Nifty: Resistance 5310/5330/5355/5388
Support 5275/5250/5222/5210
Nifty continued witnessed selling pressure from higher zone. As written couple of sessions back, below support zone of 5390-80 Nifty took sliding towards 5330 & lower zone. Today, Nifty may open -ve in line with Asian market. Nifty now has crucial support @ 5250. If held, Nifty may show some decent bounce back to 5350-5380 zone, from where again a selling pressure may emerge. Today being expiry, we may see alot of volatility. Stock specific actions is expected to be seen in Metal & Auto stocks. Nifty sustaining above 5310, may show some short covering towards 5330-5350. On lower side, 5275-5250 are good support zone, from where some support may take place. Break below this level Nifty may test 5210-5190 zone.
Trade with levels.
Happy Trading.
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