Nifty was on a very slight negative trend yesterday and closed at 5046. So today the first resistance for nifty is at 5066-71 level. Next resistance ranges are at 5093-97,5126- 32,5147-52,5178-83,5222-27,5268-73 levels. On downside first support is at 5025-20 level. Next supports are at 5004-99,4987-83, 4963-60,4940-36, 4899-95,4872-68,4863-59,4842-38,4812-07,4759-55,4758-54,4707-02,4683-78,4640-35,4623-20, level.The trend is in positive side So today if nifty is above 5072 we expect the up trend to continue and on downside intraday support are at 5020 and 4999 level. Have a look at weekly trend.
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