According to ICICIdirect.com report, Nifty has resistances at 5440 and 5460.
ICICIdirect.com report:
The Indian market is expected to open positive on the back of strong opening among Asian peers and flat to positive closing in the US and European markets. The Indian market saw further downside, as investors continued to speculate about the pace of the global economic recovery.
Telecom, realty, metals and banking stocks saw some profit booking. The Sensex ended down 61 points or 0.34% at 17,971 while the Nifty ended down 13 points or 0.24% at 5,402. The Sensex should find supports at 17910 and 17840 and resistances at 18080 and 18210. The Nifty has supports at 5380 and 5350 and resistances at 5440 and 5460.
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