Nifty: Resistance 5050/5075/5115/5151/5165/5194
Support 5025/5005-4994/4963-4954
As we wrote yesterday, above 5075 Nifty made a good jump & crossed 5100 levels.... I hope readers must have earned good profits. Intraday Nifty may open gap down with 40-50 pts in line with weak global markets. Nifty has strong support @ 4994-5005 range.... which if broken can lead to further slide. On upside, important resistance now @ 5050... on which break, Nifty may show some more movement. Traders may consider accumulation RelInfra in dips from here.
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