Nifty bounced back to close at 5295 . So today the first resistance for nifty is at 5313-15 level. Next resistance ranges are at 5330-33,5352-55,5370-75, 5421-26,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5275-73 level. Next supports are at 5259-55,5223-18,5197-93,5171-66,5152-49,5110-05,5080-75,5040-35 level.The trend has slightly reversed but 5335 and 5372 will be good barrier for upside for intraday and on downside below 5255 be very alert and avoid long below that level
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