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Watch Nifty
Ø Nifty continued its slide. On the downside, one can expect supports around 5690-5700 and 5600-10. Nifty made a small recovery on 29/04 from the 5700 levels. The correction is expected to be over at the worst at the 5600 levels. Bank Nifty has supports around 11300 and then around 11100-11125 from where it can be expected to reverse.
Ø Nifty's support during 02/05 trades is likely around 5650 (+/- 10 pts.) and resistance around 5850 (+/- 10 pts.)
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