Nifty Future for Wednesday:- For intraday trading on Wednesday, Nifty Futures may face immediate resistance at 5530 and a break out will take Nifty Futures to next resistance levels of 5557-5585-5615, where as 5500 will act as immediate support and a breach will lead Nifty Futures to further down side support levels of 5473-5435-5405. So traders can take long or short positions as per the above levels for the day and Investors should wait for some more time till Nifty spot trade and close above 5550 or till Nifty Spot comes down to 5100-5000 levels to slowly re-enter into markets and should avoid scam related stocks in the near term.
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