As expected, the Nifty was weak yesterday. The outlook for today is continued consolidation without any major upset. If the Nifty opens below 5556, it may test the supports of 5527 and then 5452. However, if it manages to trade above 5585 in the first few hours today, then a bout of fresh buying as well as short covering might be seen, the resistance being at 5595 and 5611.
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