Nifty: Resistance 5222/5252/5275/5303/5335
Support 5203/5165-5151/5115
Nifty faced resistance at 5300 and closed below its support of 5222. As per option data, its expected that 5100 may not break & bounce back may come. Nifty may open gap down below 5200, but may show some bounce from lower support zone. Nifty may trade in range of 5165-5222 & break of either side may show. Nifty above 5222 may show some bounce to 5252+ zone, where again some selling may be seen. Below 5165 some selling pressure will emerge.
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