Nifty closed slightly lower at 5322 . So today the first resistance for nifty is at 5338-41 level. Next resistance ranges are at 5353-55,5375-79, 5414-19,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5310-07 level. Next supports are at 5291-87,5268-65,5250-45,5228-23,5196-92,5171-66,5152-49,5110-05,5080-75,5040-35 level.The market is now in a indecisive mood and we expect the trend to be sidelined with bulls if nifty make a strong move above 5380 this week and a move below 5250 can wipe out the slightest bull sentiment.
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