Nifty: Resistance 5495/5525/5555/5589
Support 5450/5420/5380/5355
Nifty remained lackluster ahead of FOMC meet. Nifty may open with gap up of 70-80 pts, as Fed Undertakes QE3 With $40 Billion in MBS Purchases a Month. Nifty may cross barrier of 5450 in gap up with positive sentiments. It may head towards 5550-5600 zone. Nifty overall may remain positive till it holds on to 5450 now in dips. Below this level, selling pressure may set in. On higher side, abv 5525, Nifty may test 5555 - 5600 zone.
Trade with levels.
Happy Trading.
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