The NIFTY opened the session on a negative note remained in the negative territory throughout the trading session. Selling pressure increased as the session progressed and the NIFTY registered a low of 5514.90 levels. The NIFTY finally closed the session at the 5,526.85 levels with a cut of 29.30 points.
The NIFTY witnessed a pullback from the 5550 levels during yesterday’s session. The NIFTY is still trading in a broad range of 5600—5450 levels and is likely to remain within this range, until it breaks above the 5600 levels and registers a close above the same during the upcoming sessions.
Pullbacks from current levels will find good support between the 5450—5475 levels. On the upside, the 5600—5625 levels would be the stiff resistance zone for the NIFTY.
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