Nifty: Resistance 5275/5282/5317/5340/5348
Support 5252/5232/5210/5171/5165
Nifty lacked movement & remained in just 15-20 Pts range for maximum time of the day & faced selling pressure at every rise.Today Nifty may open flat & may give some recovery sustaining above 5252... resistance pegged @ 5320-5350, where upon reaching Nifty may again see some selling pressure building. Nifty is trading in a range of 5200-5400, adopt stock specific hedge strategy till either side break.
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