NIFTY LEVELS - INTRADAY TREND ANALYSIS FOR JULY 04 - WEDNESDAY

Nifty closed slightly up at 5287. So today the first resistance for nifty is at 5310-15 level. Next resistance ranges are at 5340-45,5365-68,5383-85,5402-06,5432-36,5452-55 levels. On downside first support is at 5257-54 level. Next supports are at 5233-28,5194-89,5150-45, 5120-15,5092-88,5074-71,5054-49,5035-32,5014-09,4984-79,4958-53,4917-12,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today if below 5254 be alert and below 5228 Sellers may take the advantage and on upside above 5320 we expect some bullishness Have a look at weekly trend.
Positional Support for NIFTY 5179 5170 5142 5090 5070 5039 5009 and positional Immediate resistance for NIFTY is 5328.
Oscillator AnalysisThe oscillator is showing BUY signal but be cautious on NIFTY since NIFTY is trading in overbought level.Short Term Oscillator Analysis- and NIFTY in oversold region