NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR JULY 03 - TUESDAY

Nifty closed unchanged at 5278. So today the first resistance for nifty is at 5295-00 level. Next resistance ranges are at 5316-21,5336-39,5366-71,5401-06,5425-30,5447-51 levels. On downside first support is at 5257-54 level. Next supports are at 5236-31,5207-04,5192-87,5160-55,5140-35, 5119-15,5092-88,5074-71,5054-49,5035-32,5014-09,4984-79,4958-53,4917-12,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today if nifty is above 5300 it is a good sign and 5322 trend is strong and on downside be alert below 5231 level. Have a look at weekly trend.
Positional Support for NIFTY 5180 5152 5131 5090 5069 5058 5037 5002 and positional Immediate resistance for NIFTY is 5313.
Oscillator Analysis NIFTY is now trading in overbought level. The oscillator is showing SELL signalShort Term Oscillator Analysis- and NIFTY in oversold region.