Nifty closed lower at 5317. So today the first resistance for nifty is at 5358-61level. Next resistance ranges are at 5372-75,5393-97,5413-17,5453-58,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5281-76 level. Next supports are at 5241-37,5210-05,5180-75,5165-62,5145-42,5130-25,5102-98,5078-72 level.So today if nifty is below 5275 be very alert and no long below this level and on upside for intraday nifty will have resistance at 5361 and 5397 level.Better intrday long should only be above 5400 level and if below 5275 take a alert view and stay away from long side
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