Markets are going to follo the global cues.
Today it was expected that expiry of july futures will be there near 5550 and short covering will make it easy to expire near those levels.
But it was no seen.
So now we are looking for a down trend in coming days as crisis in USA and Europian countries are going to deepen.
SUPPORT 5480-5450
RESISTANCE 5515- 5550
If nifty opens below first support level and one should take a buy call near 5470 with strict stoploss at 5450 ,Trget will be 5500 and than 5535
if it opens above 5515 than one should short nifty near 5520-30 levels with a stoploss at 5550
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