Nifty: Resistance 5115/5155/5175/5210-5222/5250
Support 5075/5050/5005-4990/4949
Nifty after opening -ve in line with Global market, remained weak with high volatility. Nifty went on to bounce from lows to cross 5100 mark intraday. Today, nifty may open flat/+ve with 5-10 pts gains. Nifty has immediate resistance @ 5115 zone, if sustains & crossover of this zone may take Nifty may back to test stiff resistance zone of 5151-5175. On lower side 5075 is good intraday support, breaking this zone, nifty may see a small dip towards 5050 & lower. Overall, Nifty is expected to trade in range & till breach of 5175 on upside is not seen, Nifty may see selling pressure again from those zone.
Trade with levels.
Happy Trading.
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