Nifty: Resistance 5310/5333/5350/5380
Support 5275/5255/5222/5190
Nifty opened on weaker note & remained in a range before an upmove seen in noon session & finally closing with minor gains. Today Nifty poised to open gap up in line with Global cues, after ECB unveiled its bond-buying program to contain region's burgeoning debt crisis. Nifty took support exactly @ given support zone mentioned as per chart. Today Nifty may open gap up with 40-45 pts, it will face resistance @ 5310. If manages to sustain, then it may head towards 5333-5350 zone on higher side. On lower side, Nifty has managed to form support @ 5210-5190 zone. Till its holding, Nifty may see bounce backs / buying opportunity setting in. Intraday support pegged @ 5275.
Trade with levels.
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