Nifty managed to close just above support level of 5700. It
has already survived two attempts to break this level and pulled back. Can it
survive another attack? Any attempt to pullback will get resistance at 5765.
Till 5765 is taken out nifty will show weakness. Breakdown will get
confirmation once nifty closes below 5700 levels. If it happens next leg of downward move can target nifty going down to 5570 levels.
Nifty : Res 5765 –
5810 ; Sup 5680-5630
