Nifty: Resistance 5075/5115/5151/5175/5210
Support 5050/5005/4990/4949/4933
Nifty again failed to cross 5151 mark & witnessed selling pressure @ resistance zone. Nifty slipped & closed flat underperforming Global markets. Today, Nifty may open -ve inline with Asian market with 40-50 pts. Nifty may open around support of 5050 zone. If sustains below this zone, Nifty may see more pressure & head towards support zone of 5005-4990. On upside, resistance now pegged @ 5115, if nifty crosses & sustains above this, it may move towards 5151-5175 zone, which will give stiff resistance again. Nifty needs to cross & sustain this zone to move towards 5275-5350 zone.
Trade with levels.
Happy Trading.
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