Nifty closed on a strong bear note at 5117. So today the first resistance for nifty is at 5145-50 level. Next resistance ranges are at 5171-76,5198-03,5215-18,5245-50,5263-67,5291-96,5334-39,5363-68,5398-03,5422-27,5449-54,5468-73 levels. On downside first support is at 5093-88 level. Next supports are at 5064-60,5040-35,5020-15,4985-80,4958-53,4917-12,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today below 5088 trend is weak and below 5060 selling will intensify and on upside covering hopes is only above 5176 level
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