Nifty: Resistance 5294-5315/5333/5349-5353/5385
Support 5280/5263/5249/5222/5207/5194
Nifty faced traded in range of 5280-5333 for the day & managed to close above 5264. Today, Nifty may open flat & may trade in 5294-5315 range in early session. Again Nifty might face resistance on higher side @ 5333-5353 range. So traders are advised to be cautious & may keep shorts SL @ 5353. On lower side, Nifty has good Intraday support @ 5263-5249 range. Bears need a close below 5263 to reverse the immediate up-trend.
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