Nifty was on slight bear trend yesterday day and closed at 5118. So today the first resistance for nifty is at 5140-44 level. Next resistance ranges are at 5164-69,5194-99,5225-30,5266-71,5318-23 levels. On downside first support is at 5098-95 level. Next supports are at 5080-75,5062-60,5040-35, 5013-09,4962-58,4916-10, 4893-90,4868-63, 4840-35,4808-05,4790-85,4730-25,4704-00 ,4677-74,4660-57,4615-10,4595-90,4540-35 level. Nifty is still in slight positive trend but hurdle at 5164-69 and 5194-99 seems to be a big task So better long should be taken only above that levels On downside be very alert below 5075 level
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