Nifty was on bear trend yesterday day and closed at 5037. So today the first resistance for nifty is at 5064-68 level. Next resistance ranges are at 5093-98,5119-23,5142-45,5164-69,5194-99,5225-30,5266-71,5318-23 levels. On downside first support is at 5006-02 level. Next supports are at 4979-75,,4958-54,4930-26,4916-10,4893-90,4868-63, 4840-35,4808-05,4790-85,4730-25,4704-00,4677-74,4660-57,4615-10,4595-90,4540-35 level. The trend again back on bear side.The resistance range between 5160-5200 which we have mentioned yesterday is very strong so better no long until nifty strongly close above 5200 level.So today the main hurdle for intraday are at 5064-68 and 5093-98 level and on down side if nifty is below 5000 better stay away from long side.
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