Nifty closed on a t bear note at 5197. So today the first resistance for nifty is at 5225-29 level. Next resistance ranges are at 5247-52,5264-68,5294-99,5325-30,5347-50,5363-68,5400-05,5422-27,5449-54,5468-73 levels. On downside first support is at 5180-76 level. Next supports are at 5164-59,5140-35, 5096-91,5074-71,5054-49,5035-32,5014-09,4984-79,4958-53,4917-12,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today if nifty is below 5176 be alert and below 5159 avoid all longs and on upside intra resisrance are at 5229 and 5252 level.
Nifty July Futures : - Consider for this weeks time...5227-5214 & 5202 strong can handle where buy support will be seen, keep stop-loss of 5190 to your buys.
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