For the day Nifty moved exactly as we said .It made a high of 5702 and low of 5560 and closed at 5574.85 which is 105 points down from previous close.
Nifty is moving with in a parallel channel where 5550 -5535 will provide a good support on breaking this it will lead the nifty towards 5495 and 5450, on upside 5600 will act as a resistance
Levels for the day
Support 5555 , 5540 , 5520 , 5500
Resistace 5603 , 5630 , 5645 , 5663
Short LT in between 1800-1785 with stop loss of 1815 for the target of 1740
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