Nifty closed slightly weaker at 5483 but still above the support zone. So today the first resistance for nifty is at 5505-10 level. Next resistance ranges are at 5523-27,5539-41,5560-63,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5462-58 level. Next supports are at 5447-42,5427-22,5405-00,5365-60,5323-18,5295-90,5260-55,5232-27,5195-90,5153-47,5130-25,5108-05 level.Hope is that nifty still above support zone but if below 5460 be very alert and bears can took control below 5442 so better no long below that level and on upside resistance will be at 5510 and 5541 level
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