Nifty: Resistance 5080/5115/5135/5151/5165
Support 5050/5030/5007-4994/4949
As posted yesterday, 100 % exact movement was seen in Nifty. Nifty below 5115 drifted to 5085 & lower zone. For today, below 5050, expect further weakness till 5030-5007 zone. If this zone is held, then expect some bounce back, else further fall to lower support zone can be seen. On upside.... sustaining above 5115 only some relief rally can be seen, else rises will be used to create shorts. Expect flat/-ve opening in Nifty with 10-15 pts in line with Asian Market.
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