Nifty continued sluggish sessions and slipped near the support of 5,471 level on F&O Expiry. Nifty rollover figure at the end of trading session was at 61.47%. Weakness is there in its belly but being the first day of the August F&O contract, we may see value buying tomorrow at lower levels. Nifty is having support at 5,455 and 5,420 while the resistance is there at 5,525 and 5,560.
Negative momentum is likely to continue in coming trading sessions if indices sustain below 18,190 / 5,465 level. Any move dip, indices may test 18,000 / 5,400 level. On the upside, downside gap area of 18,350 - 18,330 / 5,520 - 5,550 levels may act a resistance zone in coming trading session. In case of a move beyond this resistance, indices may test 18,465 - 18,560 / 5,585 - 5,600 levels.
Negative momentum is likely to continue in coming trading sessions if indices sustain below 18,190 / 5,465 level. Any move dip, indices may test 18,000 / 5,400 level. On the upside, downside gap area of 18,350 - 18,330 / 5,520 - 5,550 levels may act a resistance zone in coming trading session. In case of a move beyond this resistance, indices may test 18,465 - 18,560 / 5,585 - 5,600 levels.
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