Nifty closed on a bearish note at 5280. So today the first resistance for nifty is at 5310-15 level. Next resistance ranges are at 5331-35,5347-51,5370-75,5407-12,5434-38,5452-56,5468-73,5490-94,5505-10,5540-45,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5254-50 level. Next supports are at 5230-25,5210-05,5185-82,5168-62,5128-25,5104-99,5078-72 level.Nifty closed on a weak note so today we expect the bear trend to continue if nifty is below 5250 and below 5225 sell off will continue and next major support are at 5205,5160 level on upside if nifty is holding above 5335 then it is good.
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