Nifty: Resistance 5115/5145-5151/5165/5182
Support 5092/5082-5050/5015-5005
Nifty made exact bottom at our support area of 5092. We maintain our cautious view on Nifty for further upside. Wait for a proper correction to enter for a further healthy upside in coming days. If nifty moves up, then one may use rally to exit longs.. SL for shorts taken at higher range @ 5182. If Nifty sustains below 5092, then it may see 5050.... from where it may see some bounce back. Sustaining below this 5015 is next target range.
Expect flat opening in line with Asian Market.
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