Nifty bounced back to close at 5289 So today the first resistance for nifty is at 5310-14level. Next resistance ranges are at 5335-40,5375-80, 5412-17,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5264-60 level. Next supports are at 5243-38,5202-97,5175-70,5150-45,5128-24,5108-04,5088-83,5040-35 level.Yesterday nifty made a good come back but nifty had to trade above 5340 level to have the trend stable So today unless below 5238 up trend remain intact and intraday resistance point are at 5314 and 5340 and 5380 level
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