Nifty: Resistance 5115/5151/5175/5210/5253/5275
Support 5075/5050/5005/4990/4945
Nifty after initial dips & hiccups, witnessed a spike move above 5050 & went pass 5100 mark. Nifty may open +ve with 15-20 pts today in line with Asian market. Nifty has now stiff intraday resistance @ 5151-5175, if sustains above this zone, Nifty may see some more short covering towards 5253-5275 zone, [where this up move will be tested], else we may see profit booking setting in. On downside, Nifty till above 5050, intraday, dips may be seen as buying opportunity.Sustaining below this zone, Nifty may see some more dip towards 5005-4990 & lower levels.
Trade with levels.
Happy Trading.
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