If the Nifty manages to trade above 5551 then it will face resistances at 5592, 5609 and 5618/ 5632.
On the flip side it has supports at 5556, 5524 and 5483.
Our outlook continues to be weak although the benchmark index will probably bottom out in a day or two if not already bottomed out.
Intraday traders may best avoid trading today.
Mid term investors may bid HCL Tech at 882.95 and HDFC Bank at 591.55.
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