Nifty: Resistance 5075/5115/5151/5175/5199
Support 5050/5005-4990/4951/4915
Nifty witnessed a choppy session in line with Asian market. After a initial rally, Nifty witnessed a sell off in market in noon session, however recovered in last hour of trade. Today, nifty may open marginal up with 15-20 pt. Strong support zone pegged@ 5050 zone & if breaches it, Nifty has support @ 5005-4990. If nifty holds on to this zone, we may see some jump towards 5075-5115 zone. Resistance pegged @ 5151. Till Nifty closes above this zone, we may not see some short covering & selling may emerge again from higher zone.
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