Nifty: Resistance 5251/5275/5315/5333/5385
Support 5210-5190/5165-5150/5111
Nifty opened firm +ve & traded with alot of volatility till noon session. Nifty surged in afternoon, after news came that the government will not target P-Notes under GAAR. Today, Nifty may open gap down with 10-15 Pts, in line with Asian market. Nifty has maintained good support @ 5210-5190, which will offer intraday support again today. Close/Sustain below 5190, Nifty may head towards 5165-5150-5111 & lower levels in coming days. Immediate intraday resistance @ 5251, if sustains, Nifty may further move towards 5275 & sustaining above it towards 5315-5333+ zone. Traders are advised to take longs position above 5330 only & till then avoid any kind of leverage trades.
Trade with levels.
Happy Trading.
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