For intraday trading on Tuesday, Nifty Futures may face immediate resistance at 5550 and a break out will take Nifty Futures to 5580-5615-5650 levels, where as 5520 will act as immediate support and a breach will lead Nifty Futures further down side to 5490-5455-5420 levels. So traders can take long or short positions as per the above levels for the day and Investors should take long positions if Nifty spot trades above 5550 and closing above 5550 or should wait till Nifty Spot comes to 5100-5000 levels to slowly re-enter into markets and should avoid scam related stocks in the near term.
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