Technical Analysis and Research of EOD charts,Micro Analysis of Nifty Intra Day Chart,Technical Positions,next possibilities have already been explained in following topicS with 4 Charts therefore not being repeated:-
Although US markets closed about 1.5% down last Friday but Asian markets are moderately weak today morning and most are less than 1% down. Sentiment is not depressed,Nifty will open, firstly trade and prepare for next moves between 5457-5522. Strong resistances above 5522 and and good supports within this range.Break out and sustaining beyond mentioned range will give confirmation to next those moves which have already been discussed in above topics yesterday.