Nifty: Resistance 5175/5210/5225/5250/5298/5333
Support 5151/5115/5093/5050/5000
Nifty remained choppy & rangebound in early session of trade, with later rally witnessed to pass 5150 zone, but 5175 holded on as resistance as written in yesterday's post.Today, Nifty may again have a flat opening in line with Asian market. Immediate resistance again pegged @ 5175, if sustains above this zone, Nifty may see rally extending towards 5210-5225 zone, else we would still advise to avoid leverage buying. On lower side immediate intraday support pegged @ 5151, if breaks & sustains below this zone, nifty may see some lackluster moves & break below 5115, nifty may see some selling pressure coming in.
Trade with levels.
Happy Trading.
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