Nifty closed on a slight bull note at 5128. So today the first resistance for nifty is at 5157-62 level. Next resistance ranges are at 5175-80,5193-01,5215-18,5245-50,5263-67,5291-96,5334-39,5363-68,5398-03,5422-27,5449-54,5468-73 levels. On downside first support is at 5105-00 level. Next supports are at 5087-85,5069-63,5040-35,5020-15,4985-80,4958-53,4917-12,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today below 5085 better stay away from longs and on upside above 5175 we expect some covering that may push market slightly up.
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