Nifty: Resistance 5130/5151-5165/5182/5203/5222
Support 5115/5080/5050/5007-4994
Nifty is trading in a range of 5050-5150 from past few sessions. Resistance zone of 5165 is still not breached on closing basis. As we had posted last week too, closing below 5050-5000 range, Nifty will turn weak for short term. Intraday, Nifty sustaining below 5115 may lead to a minor correction to 5080-5050 range. On upside above 5130, Nifty may test 5151-5165 range.
Expect flat/-ve opening with 20-30 Pts on Nifty.
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