Nifty is having resistance at 5,448 and 5,467 while the support is there at 5,400 and 5,371 levels. Coming days will be crucial for the markets as we are waiting for the monthly inflation data, RBI policy meet and the Union budget. Immediate resistance exists at 5,520-5,600 and immediate support is at 5,320 and then 5,275.
Nifty has some resistance at 5,450 levels, Buying momentum may be continuing above 5,450 levels. On the other hand, if Nifty does not maintain above 5,450 levels then profit booking may also be seen. For daily purpose, trend deciding level is 5,450. If Nifty shows strength above 5,450 levels, then rally to 5,500/5,560/5,600/5,640 may be seen. If Nifty does not show strength above 5,450 levels then selling pressure till 5,390/5,340/5,270 may also be seen.
Nifty has some resistance at 5,450 levels, Buying momentum may be continuing above 5,450 levels. On the other hand, if Nifty does not maintain above 5,450 levels then profit booking may also be seen. For daily purpose, trend deciding level is 5,450. If Nifty shows strength above 5,450 levels, then rally to 5,500/5,560/5,600/5,640 may be seen. If Nifty does not show strength above 5,450 levels then selling pressure till 5,390/5,340/5,270 may also be seen.
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