Nifty: Resistance 5252/5275/5303/5335/5353
Support 5222/5203/5165-5151/5115
Nifty stayed in a 25 Pts range, with some selling pressure was seen at higher resistance range. Nifty is expected to be in a range of 5000-5400 ahead of Q3 Results. Closing below 5165 will trigger short term correction, else dips can be used for buying.Intraday Nifty is expected to open gap-up with 15-25 pts on Nifty & is expected to trade +ve in early trade zone in line with Asian Market. Sustaining above 5275 Nifty is expected to pick the momentum for the day. A strong rupee triggered selling pressure in IT stocks. However, the results of Infosys will set the tone for the sector in this week.
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