Nifty closed higher at 5378. So today the first resistance for nifty is at 5409-14 level. Next resistance ranges are at 5445-50,5464-67,5487-91,5505-10,5540-45,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5348-43 level. Next supports are at 5318-14,5266-62,5217-14,5178-73,5136-31,5104-99,5078-72 level.Yesterday nifty had recovered a little and lighten up the hopes of bulls So today we expect the trend to be with bull side if nifty strongly trades above 5414 level and on downside if nifty is below 5343 be alert as chance are high for nifty to be again drift in to bear side and below 5314 bears will have an edge.
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