It was a volatile day for the Dalal Street. The equity market moved and remained in the range of 5550-5530 due to the lack of cues but short coverings helped nifty futures to pare losses in the half an hour of trade and end moderately lower. Nifty Futures closed at 5524.40, down 6 points or 0.22 %. Nifty is looking bearish in the coming trading session if it manages to trade and consolidate below the support level of 5350 else above 5625 it would be bullish in trend. One can adopt the strategy of sell at higher level.
Resistance: it has first resistance close to the level of 5560 & after it may face the next resistance close to the level of 5625
Support: it has first support close to the level of 5410 & after it may get the next support close to the level of 5350.