Nifty has managed to hold the crucial support of 5,700 levels since past two trading sessions; one can expect a short bounce as most of the technical indicators remain in the oversold territory. There is an immediate resistance at 5,780 levels on the upside and on a decisive close above expect rise to 5,830 and 5,880 levels.
The Bank Nifty recently observed a sharp decline and the decent halted near the rising window pattern. The index has managed to hold the crucial support of 9,900 levels. There is an immediate resistance around the 10,250 levels on the upside and on a decisive close above expect corrective rise to 10,320 & 10,400 levels.
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Nifty has resistance at 5780: Nirmal Bang
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