Nifty: Resistance 5251/5275/5315/5333/5355
Support 5222/5210/5190/5165
Nifty slipped into the red to hit fresh intraday lows in late trade, after it went on to cross 5300 mark in morning session. Today nifty may open weak with 15-20 pts gap down. Immediate support pegged @ 5222. Below 5222, Nifty may tests 5210-5190 zone. We may see some support taking place @ this level & a bounce back is possible. If nifty breaches this support too, it may slide towards 5165-5150 zone.
On up side, resistance pegged @ 5250-5275. Sustaining above it, Nifty may head towards 5300+ zone. Resistance zone @ 5315 - 5333. On bounce-backs If nifty doesn't hold, we may again see profit booking setting in from this zone.
Voltas looks good for accumulation in dips.
Trade with levels.
Happy Trading.
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