Nifty was on strong bull trend yesterday day and closed at 5139.The trend was exactly opposite to what it was a day before. So today the first resistance for nifty is at 5165-70. Next resistance ranges are at 5194-99,5225-30,5260-65,5318-23 levels. On downside first support is at 5105-00 level. Next supports are at 5077-72,5055-50,5027-22,5001-97,4979-75,4956-52,4930-26,4916-10,4893-90,4868-63, 4840-35,4808-05,4790-85,4730-25,4704-00,4677-74,4660-57,4615-10,4595-90,4540-35 level. The trend had taken a U turn and nifty closed on a bull note but still the main resistance ranges are 5165-70,5195-99 and 5225-30 and nifty had to close above 5200 for the reversal So today on upside be alert at these levels and on downside no long if nifty stays below 5100 level.
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