Nifty: Resistance 5151/5165/5185/5200/5225/5252/5275
Support 5115-5107/5075/5050/5007-4999
Nifty moved & crossed 5151 zone on mahurat day, but we wont consider this move, as it lacked trading time & volumes. Nifty has immediate resistance @ 5165, above it momentum will keep ticking up for short term. Slowly, all indicators have started showing negative divergence. Volatile swings are expected in second part of sessions, be stock specific. All long side traders should now shift SL @ 4999 for there positions. Expect positive opening in line with Asian Market.
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