Nifty: Resistance 5115/5155/5175/5210-5222/5250
Support 5075/5050/5005-4990/4949
Nifty remained firm with +ve bias & gained on back of +ve global cues. Nifty traded exactly as written & above 5075, Nifty went on to touch 5115 & 5150, though Nifty lacked volumes comparatively. Today, Nifty may open -ve with 50-55 pts in line with Asian markets. Immediate intraday support pegged @ 5075. Sustaining below this range, Nifty may see 5050 & breaking this with volumes, Nifty may slide further towards 5005-4990. On upside, 5155-5175 remains crucial for more upside rally. Overall, Nifty may remain in range of 4990-5150, till either side breaks are seen.
Trade with levels.
Happy Trading.
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