Nifty: Resistance 5050/5084/5115/5151-5165/5190/5225/5252
Support 5005/4994/4963/4949/4932
Nifty saw bounce from lower support area & managed to close above 5080. With extremely weak global cues, nifty is expected to open lower & with SC verdict on RIL-RNRL case is awaited, Nifty is expected to remain choppy in early hours. Nifty may open lower by 70-85 pts near 5000 with 4994-5005 as strong support. We would advice to adopt stock specific strategies in early trading session & trade with strict SL. All longs SL should be maintained @ 4949 ( closing basis )
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