Nifty rebounded strongly to close at 5333. So today the first resistance for nifty is at 5368-73 level. Next resistance ranges are at 5398-01,5414-07,5453-57,5490-94,5505-10,5540-45,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5300-296 level. Next supports are at 5283-80,5262-57,5233-28,5213-08,5180-77,5165-62,5145-42,5130-25,5102-98,5078-72 level.Nifty rebounded strogly so today we expect if nifty is above 5373 the uptrend will continue anf on downside if nifty again goes below 5300 be very alert and stay away from long side.
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