Nifty: Resistance 5151/5175/5215/5251/5275
Support 5115-5090/5075/5050/5005
Nifty opened gap down in line with weak Global cues. Though Nifty tried to build up gains in mid session but lost in last hour of trade. Nifty today may open gap up in line with Asian market. Today Nifty may open with 25-30 pt gains in line with Asian market. Immediate resistance @ 5175, if sustains above this zone, Nifty may see some more upside, towards 5215+ zone. On lower side, Nifty has strong support @ 5115-5090 zone. Till holding, Nifty has good chance to bounce back from lows.
Ahead of long weekend, we may see some range bound moves in 5115-5175 zone.
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