Nifty continued the upward journey and closed higher at 5204. So today the first resistance for nifty is at 5220-24 level. Next resistance ranges are at 5237-40,5256-61,5340-45 levels. On downside first support is at 5190-86 level. Next supports are at 5172-68,5147-44,5130-27,5115-12,5075-70,5049-44,5030-26,5003-99,4987-83, 4963-60,4940-36, 4899-95,4872-68,4863-59,4842-38,4812-07 level.The trend is in positive side but be alert as oscillators are in overbought zone.The range between 5220 and 5265 level is resistance zone So futher long should be taken better above 5270 level. So today the main intraday resistance ranges are at 5220-25 and 5256-61 level and on down side main intraday support level are at 5172-68 level.
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