Nifty: Resistance 5094/5115/5122/5151-5165
Support 5050/5020/4999-4994/4949
Nifty as expected remained on down leg in a range of just 10-15 pts for whole trading period of the day , before last hour booking came in to make it close below 5 DMA. Nifty is nearing its crucial trendline support area @ 5020. One may expect bounce from this zone. Closing below 5000, may dampen the sentiments further, so as advised yesterday,be hedge / exit leverage positions below this level.
Expect -ve opening in line with Asian Market.
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