Nifty: Resistance 5151/5191/5210/5248
Support 5115/5075/5050/5005
Nifty witnessed intraday correction after touching mentioned resistance zone. Nifty also closed below its 200 EMA @ 5131. Now strong support is pegged @ 5050. Closing below it, this upmove trend changes & a short term corrective phase may be seen. Today, Nifty may open gap up with 25-30 pts, in line with Asian market. Immediate resistance @ 5151. If sustained, Nifty may see some quick upmove towards 5191. On lower side, intraday support @ 5115, below which some selling pressure may be seen for 5070 & lower levels.
Trade with levels.
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