Nifty: Resistance 5151/5165-5175-5182/5200
Support 5102/5081/5071/5050/5013
Yesterday, Nifty corrected exactly from our highlighted resistance zone of 5165. For today, if Nifty opens gap down, it has immediate support @ 5071-5050 zone, if held, some bounce can be seen. On the contrary, if Nifty opens gap up, it will again face resistance @ 5165 zone.
Clarity on issues like RIL-RNRL case will certainly give market its direction.
Expect flat/-ve opening in line with Asian Market.
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