Half Hourly Chart
The Nifty closed the gap intraday but succumbed to bear pressure closing below the upper end of the gap of 5602. The target of 5660 was almost achieved with a high of 5653. This level needs to be crossed for further bullishness else expect a resumption of the fall.A fall below 5497 will accelerate the fall.
Resistance at 5653-5682-5740. Support at 5553-5541-5497.
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