Nifty (spot) strong above 5660
Nifty (spot) weak below 5645
Nifty (spot) Support 5610/5575
Nifty (spot) Resistance 5675/5710
Nifty hit the resistance of 5680 for 2nd consecutive day, but lost the momentum which suggest that it is due for corrective decline to 5550/5474 in coming days. Since most of the stocks also have achieved their bullish recovery targets, there are good chances that Nifty may be near the Short Term Peak and it is ready for corrective decline in near future. Of course further rise to 5775-5800 cannot be ruled out too because many a times such over bought position may continue for some long period
ACC, AmbujaCem, Bhartiartl, Cipla, Hindunilvr, HCLTech, ITC, JindalStel, ONGC, Rpower, Sail etc should be watched carefully
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