Nifty: Resistance 5151-5165/5190/5225/5252
Support 5115/5084/5050/5005
Nifty had a wonderful day last trading session. Nifty took support exactly at our levels of 5050 zone & bounced back smartly above 5115 to give Bulls some relief. With weak global cues, Nifty may again open gap down with 20-30 Pts. Intraday, if Nifty cross & sustains 5115-5125 zone, then it may see some more covering upto 5151-5190 zone. Below 5050 (closing basis), Nifty will get extremely weak for 5000 levels & more. RIL is buy in dips for some good momentum bounce.
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