Nifty closed on a slight bull note at 5216. So today the first resistance for nifty is at 5240-45 level. Next resistance ranges are at 5265-70,5294-99,5325-30,5347-50,5363-68,5400-05,5422-27,5449-54,5468-73 levels. On downside first support is at 5187-84 level. Next supports are at 5166-61,5144-39,5114-09, 5094-91,5074-71,5054-49,5035-32,5014-09,4984-79,4958-53,4917-12,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today upward resistance will be felt at 5245 and 5270 level and on downside if nifty is again below 5161 be very alert and better stay away from long side.
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