Nifty: Resistance 5075/5110/5150/5187
Support 5050/5020/5005/4994/4951
Nifty shed Friday gains & closed in negative zone. Though volumes were not supportive. Today, Nifty may open flat in line with Asian market. Immediate resistance @ 5075, if sustains, Nifty may head towards 5110. Sustaining above this zone, Nifty may try for further rally towards 5150 zone. On lower side, 5050 is strong support zone & till it holds, Nifty has chances to bounce back on dips. Break below this zone only we may see some selling pressure coming in towards 5005-4994 zone.
Trade with levels.
Happy Trading.
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