Nifty closed on slight bull trend at 5278 . So today the first resistance for nifty is at 5300-04 level. Next resistance ranges are at 5319-23,5337-42,5371-76, 5412-17,5432-35,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5254-49 level. Next supports are at 5234-29,5203-99,5182-77,5162-58,5122-17,5102-98,5078-72,5047-45 level.Market seems to be clueless but below 5200 we expect the bears to be back in market So today beetr stay away from long side if nifty is below 5200 and on higher side expect intraday resistance at 5323,5342 and 5371 levels.Postionally unless a move above 5375 stay away from long side
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