Nifty: Resistance 5075/5110/5150/5205
Support 5050/5020/5005/4994/4951
Nifty remained positive for the day, with low retail participation. Nifty traded in high volatile range, with both side movement visible. Today, Nifty may open -ve in line with Global market. Immediate support @ 5050, if sustains blw this zone, Nifty may see some more slide towards 5020-5000 zone. On upside, Nifty facing resistance @ 5110 zone. If sustains, Nifty may see some more upside move towards 5150-5165 zone. Overall, we may see rangebound trades between 5050-5110 for the day. Break on either side, Nifty may show more move.
Trade with levels.
Happy Trading.
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