Nifty: Resistance 5115/5151/5178/5210/5222
Support 5075/5052/5021/5005/4995
Nifty opened gap up on Friday & as written, didn't sustained above 5175 & witnessed gradual selling pressure, to close below 5100. Today, nifty may open gap up with 40-50 pts gain. Immediate resistance @ 5151, if sustains above this zone, Nifty may see some more upside till 5178. Nifty needs to sustain & close above 5178-5195 zone to make positive upmove continue. Intraday support pegged @ 5075, sustaining below this, Nifty gets more weak for selling pressure. Closing basis Nifty needs to sustain 5052-40 zone. Below this more selling can be seen.
Trade with levels.
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