Nifty: Resistance 5198/5210/5222/5257/5275
Support 5151/5115/5105/5075
Nifty continued its up move & went pass 5200 mark. Though some selling pressure was seen in mid session. Nifty today may open gap down with 30-40 pts, in line with Asian markets. Immediate strong support @ 5151. If Nifty breaks below this zone, Nifty may head towards 5115-5075 zone. On upside, resistance pegged @ 5198-5210 zone. Sustaining above this zone, Nifty may head towards 5257. Overall, expect selling pressure at higher zone, avoid buying at resistance zone.
Trade with levels.
Happy Trading.
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