Nifty: Resistance 5138/5151/5165/5182/5203/5235
Support 5115/5090-5081/5066/5050/5038/5007/4994
Nifty traded maximum time of day in a narrow range of just 15-25 points, with -ve bias.If Nifty goes & closes below 5050, trend reversal will be confirmed & Nifty will re-enter short term corrective phase. Intraday expect selling pressure at higher resistance zone. Nifty if sustained 5182 on upside can see 5235 sub-levels & on downside below 5115 if sustained can see 5081/5066 zone. We would advice to trade stock specific & avoid leverage buying at higher zone.
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