Nifty closed lower at 5257. So today the first resistance for nifty is at 5282-87level. Next resistance ranges are at 5312-17,5343-48,5370-75,5393-97,5410-15,5436-39,5455-59,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5230-26 level. Next supports are at 5204-99,5180-75,5165-60,5145-42,5125-20,5102-98,5078-72 level.So today 5200 will be a crucial support range for nifty and if nifty is below this level more selling will happen on upside a strong move above 5317 will be the slightest signal for up move until then stay away from long side
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