Nifty: Resistance 5150/5175/5215/5225/5259
Support 5115/5095/5070/5050/5005
Nifty added more steady gains to its Tuesday's rally & as written it went to touch 5150 zone. Today we may witness flat opening in line with Asian market. Immediate resistance is pegged @ 5150 & support @ 5095. Either side break & sustain of levels may show more moves towards further level. We would though advise caution to buy at resistance zone & wait for a proper entry time. Booking profit in longs would be advised to those who used these dips take longs & wait for 5175 to sustain. On lower side, below 5095, we may see some profit booking to set in, but till Nifty is now above 5005, it has less chances to be afraid of Bears.
Trade with levels.
Happy Trading.
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