Nifty: Resistance 5880/5915/5955/5980
Support 5820/5770/5737/5717
Nifty continued witnessing selling pressure from higher zone & closed at neckline support @ 5850.
Markets are likely to take further cues from monthly inflation data, which will be out later today. If the Nifty fails to hold 5850 levels on closing basis today it may move further lower towards 5800-5780 range. Nifty may remain volatile till the Inflation and Monetary policy comes out. On upside, 5915 is resistance to watch. Above it, Nifty may move towards 5955+ zone.
Markets are likely to take further cues from monthly inflation data, which will be out later today. If the Nifty fails to hold 5850 levels on closing basis today it may move further lower towards 5800-5780 range. Nifty may remain volatile till the Inflation and Monetary policy comes out. On upside, 5915 is resistance to watch. Above it, Nifty may move towards 5955+ zone.
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