Nifty closed slightly higher at 5274. So today the first resistance for nifty is at 5289-94level. Next resistance ranges are at 5312-17,5337-42,5370-75,5393-97,5410-15,5436-39,5455-59,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5252-47 level. Next supports are at 5234-32, 5210-05,5180-75,5165-60,5145-42,5125-20,5102-98,5078-72 level.5200 will be a good support for the market and if nifty is below this level be very alert as more selling will happen So today be alert if nifty is below 5230 and stay away from long side if nifty is below 5200 On higher side above 5317 is slightest hope for short covering.
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