Nifty future had seen sharp correction below 5700
level after increasing inflation and on concerns that the Reserve Bank
may hike interest rate, and closed near its days low. It can take more
correction in coming trading session so one should adopt strategy of
sell at higher level. Support for nifty future is at 5597/5515 and
Resistance is at 5790/5860 levels.
RESISTANCE: It has first resistance close to the level of 5790 & above this level the next resistance is seen near the 5860 mark.
SUPPORT: It has first support close to the level of 5598& below this level the next support is seen near 5515 mark.