Nifty: Resistance 5151/5175/5210/5252/5275
Support 5115/5075/5050/5021/5005
Nifty after a initial calm trading session, witnessed some good buying interest coming in from lower support levels to take Nifty towards 5150 zone. Today Nifty may open gap up with 20-25 pts gains. Immediate stiff resistance zone @ 5150-5175. If Nifty trades above this zone for 2 sessions, Nifty may head towards 5250-5275 zone. On lower side, Nifty maintains intra support @ 5125-5115, if breaks & sustains below this zone, Nifty may see some profit booking setting in towards 5070-5050 zone. Nifty will get good support @ 5050 zone. If this zone is held, we may see some buying setting in for bounce back.
Trade with levels.
Happy Trading.
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