Nifty took a break on upward journey and tanked to close lower at 5087. So today the first resistance for nifty is at 5121-26 level. Next resistance ranges are at 5153-58,5166-70,5210-15,5250-55,5340-45 levels. On downside first support is at 5052-48 level. Next supports are at 5018-13,4993-88, 4963-60,4950-47,4907-02, 4872-68,4863-59,4842-38,4812-07 level.Nifty again closed on deep red after short bul rally So today if nifty trades below 5050 be very alert and sellers will take the control if nifty is below 5013 so unless nifty trade well above 5126 long is not advisable.
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