Nifty: Resistance 5050/5084/5100-5110/5131
Support 5005-4994/4963/4931
Nifty remained +ve for the day, after initial dip in opening hour. Today, Nifty may open gap down with 20-25 pts. RIL below expectation result may give some selling pressure in initial trading hour. Nifty has immediate resistance @ 5050. On sustaining this level, Nifty may see some +ve sentiments rolling back in. On lower side, Nifty may remain comfortable with initial dip, till it is able to hold on 5005-4994 zone. Below this zone, Nifty may see some more selling pressure towards 4963 & lower zone. On upside, nifty may feel some selling pressure around 5050. If held, nifty may head towards 5100-5110 zone.
Trade with levels.
Happy Trading.
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