Nifty: Resistance 5115/5135/5155/5175
Support 5090/5070/5050/5012
Nifty remained range-bound and some buying was seen from lower support zone of 5070. Nifty is trading in tight range now of 5090-5135. Traders may use dips around 5070-5050 to buy in parts & expect 5175-5200 to come in pullback. Nifty if breaches 5012, it may set in for further fall towards 4800 zone. Today, Nifty may open gap up with 20-25 pts. Intraday, on upside, Nifty needs to sustain above 5135, if held, 5155-5175 may be achieved. Shorting is not advised at lower support levels of 5070-5050. Being expiry, Nifty may trade in a range with stock specific moves.
Trade with levels.
Happy Trading.
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