Yesterday bulls were able to close Nifty slightly higher gaining what was lost in the previous session.
With options data still seeing unwinding in all the near strike calls and heavy selling in 5500 puts, it looks like markets will stay above 5500 levels for this series and any down move below that will be followed by a swift up move.
Resistance levels : 5550, 5565, 5581
Support levels : 5523, 5509, 5485
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