Today’s supports for the NIFTY are placed at the 5460 and 5480 levels whereas resistances are placed at the 5540 and 5575 levels.
NIFTY (5,516.75) SU—5460--5480 RE—5540--5575. The 5500—5450 levels are the key near term support for the NIFTY.
However, a sustained close below the 5450 levels will open up downside targets of 5300—5250 levels in the NIFTY. Upside resistance are placed at the 5575—5625 levels.
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