Nifty: Resistance 5251/5275/5315/5333
Support 5210/5176/5151-5130/5111
Firm European shares helped Indian stocks recover from an intraday slide caused by rating agency S&P cutting its outlook on India's long-term rating to negative from stable. Nifty remained highly volatile in noon session. Today, Nifty may open flat/+ve in line with Asian market. Nifty will face stiff resistance @ 5240-5251. If sustains, Nifty may head towards 5275-5300 zone. A close above 5333 may mark short term trend reversal for Nifty. On lower side, Nifty maintains support @ 5130-5151 zone. Close below it, nifty may turn more weak in coming days. Today being expiry, Nifty may see stock specific trades.
Trade with levels.
Happy Trading.
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