Nifty: Resistance 5251/5275/5315/5333/5385
Support 5210-5190/5165-5150/5111
Nifty after opening flattish traded range-bound for initial trading hour, with a small move towards green also visible. Nifty slipped into deep red, in late noon trade, with over 2.5% crack. Today, Nifty may open with marginal +ve gains. Immediate intraday resistance @ 5251, if sustains, Nifty may further move towards 5275 & sustaining above it towards 5315-5333+ zone. On lower side, Nifty has good support @ 5210-5190. Which if held [closing basis], chances for bounce backs are there. Close below it, Nifty may head towards 5165-5150-5111 & lower levels in coming days.
Trade with levels.
Happy Trading.
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