Nifty: Resistance 5151-5165/5205-5210/5227/5252
Support 5130/5115/5075/5049
Yesterday Nifty showed 100% movement as we wrote. Nifty below 5165 saw profit booking & failed to sustain high. For intraday Nifty above 5151, can show some +ve momentum with 5165 as immediate resistance. On downside, nifty may see more booking below 5115 upto 5075-5055 range. Nifty may open flat in line with Asian Mkt & may trade trend-less in early trading session.
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