Today the Nifty closed with the -60.05 negative points or -1.09% down and settle at 5,438.95.
On the other hand Nifty futures and options closed at 5,450.00 with the -38.70 Negative points or -0.71 down. Technically the market is in a typically sideways zone with 5400 as a strong support zone to work with and 5535 as a strong resistance zone to work with.
The market unfolded as expected and has closed right on dot 5440. now we are at Make or Break level and if it cracks now then next stop around 5400 or could just bounce back.

The Support for the Nifty is at 5400-5300.

The Resistance for the Nifty is at 5500-5635.

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