Nifty: Resistance 5252/5275/5315-5325-5335/5355
Support 5235/5225/5182/5151
Nifty remained in range of just 15-20 for maximum time of day & showed last hour upswing to end on positive note.Though all indicators are in overbought zone, breakdown not happening due to Global support. Nifty now has hurdles in every up move... immediate resistance @ 5275. Below 5235-5225 Nifty may see profit booking upto 5182.... below 5182 if sustained, Nifty may see further selling to 5151-5115 in coming sessions. 5092 is important support, which if broke, major sell off may set in.
Expect negative opening.
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