Today’s supports for the NIFTY are placed at the 5340 and
5360 levels whereas resistances are placed at the 5425 and
5440 levels.
NIFTY (5,394.85) SU—5340--5360 RE—5425--5440.
Failure to trade above the 5425-5450 levels will mean that the bearishness will persist in the NIFTY. The 5350 levels is the next crucial support for the NIFTY on the downside and a sustained break below the same will see the NIFTY fall towards the 5250—5170 levels.
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