Nifty: Resistance 5075/5099/5115/5130/5155/5165
Support 5050/5005/4990/4963/4936
Nifty holded on to support zone @ 4936 & witnessed buying interest at lower support levels to take Nifty pass 5050 zone. Today, Nifty may open gap up with 15-20 pts in line with Asian market. Nifty now has a minor hurdle @ 5075 & crossing above this @ 5130. If both levels are sustained, nifty may see more higher levels @ 5175-5200 zone, from where we may see some profit booking pressure set in. On lower side, nifty now has good support @ 5005-4990 zone, which will offer good buying opportunity in dips.
Trade with levels.
Happy Trading.
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