Nifty closed lower at 5234 . So today the first resistance for nifty is at 5258-61 level. Next resistance ranges are at 5281-86,5303-06,5328-33,5375-80, 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 5210-05 level. Next supports are at 5187-82,5152-49,5125-20,5108-05,5080-75,5040-35 level.The market is now in a slight bear trend and a move below 5182 may add fire to the bear sentiment and on upside intraday resistance are at 5261 and 5286 level and no long is advised until nifty moves above 5333 level.
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