Nifty closed lower at 5200 level . So today the first resistance for nifty is at 5234-38 level. Next resistance ranges are at 5266-70,5282-85,5299-00,5320-24,5338-43,5367-72,5384-87, 5414-18,5458-62,5481-85,5503-08,5535-40,5583-87,5623-29,5645-50,5690-95,5718-23,5738-43 levels. On downside first support is at 5185-83 level. Next supports are at 5165-60,5137-32,5118-15,5100-96,5079-75,5040-35 level.Nifty is in slight bear zone So today if nifty move below 5160 be very alrt and below 5130 sellers will strike with more strength.The long should be avoided unless a strong move above 5270.
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