Nifty: Resistance 5151/5175/5225/5256/5275
Support 5115/5075/5050/5005-4990
Nifty opened gap up & witnessed a steep rally on back of short covering lead by broad based buying across all sectors. Today, nifty may open flat/+ve with 10-15 pts. Nifty has immediate resistance @ 5151-5175 zone. A close/sustain above 5175 is now needed to take rally towards higher target zone of 5250-5300 zone. On downside, Nifty has immediate support @ 5115, break & sustain below this zone, Nifty may see some profit booking setting in. Over all, Nifty is expected to show +ve bias sustaining above 5175.
Trade with levels.
Happy Trading.
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