Nifty: Resistance 5155/5175/5200/5225/5252
Support 5115/5085/5050/5000
Nifty opened with big gap in line with Global cues & witnessed a pullback to close above 5150 mark. Nifty post gap up, traded in a range of 50 pts for the day. Today, Nifty is expected to open marginal down with 15-20 pts in line with Asian market. Strong intraday support @ 5115, below this support pegged @ 5085. If Nifty is able to sustain these support zone, then we may see pull back rally to remain continue. On upper side, sustaining & closing above 5225, Nifty may see some buying interest coming back in & relief rally to extend to higher range. Intraday resistance @ 5155-5175.. sustaining abv this we may see some more upswing.
Trade with levels.
Happy Trading.
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