For coming trading session it is observed that if indices trade above 18,440 / 5,520 levels, then there is high probability that indices may test 18,560 - 18,798 / 5,563 - 5,636 levels. On the downside, 18,151 - 18,012 / 5,440 - 5,400 levels may act as support for the day.
For intraday trading on Tuesday, Nifty Futures may once again face immediate resistance at 5480 and a break out will take Nifty Futures to 5500-5530-5565 levels, where as 5455 will act as immediate support and a breach will lead Nifty Futures further down side to 5435-5405-5370 levels. So traders can take long or short positions as per the above levels for the day and Investors should stay away from markets till Nifty comes down to 5100-5000 levels or stays above 5550 levels, to enter in to the markets.
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