Nifty closed on a weak note at 5178 . So today the first resistance for nifty is at 5193-98 level. Next resistance ranges are at 5213-17,5235-40,5260-65,5300-05,5345-50,5371-76, 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 5155-50 level. Next supports are at 5117-11,5080-75,5040-35 level.The trend is slightly in favour of bears and if below 5110 the bears will emerge much stronger.So today unless above 5240 no intraday long is advised.On downside 5120-5100 is a good support range.
No comments:
Post a Comment