Markets traded the whole session expanding its bear rally while again closed on a flat note exhibiting lower lows on daily charts. Nifty future opened gap up around the key resistance level of 5600 from where it reversed and dragged towards the support level of 5550. If it sustains below 5600 for the coming sessions then nifty may soon test the next major support of 5460. However, if it crosses 5640 then next resistance is seen around 5700.
TREND: SIDEWAYS
SUPPORT : 5550 & 5500
RESISTANCE: 5620 & 5670