Nifty: Resistance 5115/5135-5151/5165/5208
Support 5065/5050/5020/5007/4994
Nifty lacked buying interest & traded whole day with -ve Bias. As posted yesterday, Nifty made exact low of 5050 & showed bounce from that zone. Intraday, Nifty again has crucial supp @ 5050, which if broken, expect some weakness to takeover & above 5115, expect some good move upto 5151-5165. As posted in previous posts 5165 is Laxman-Rekha for all Bulls to sustain.
Expect flat opening in Nifty.
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