Nifty closed on a slight bear note at 5109. So today the first resistance for nifty is at 5135-39 level. Next resistance ranges are at 5156-61,5188-93,5215-18,5245-50,5263-67,5291-96,5334-39,5363-68,5398-03,5422-27,5449-54,5468-73 levels. On downside first support is at 5085-80 level. Next supports are at 5063-58,5040-35,5020-15,4985-80,4958-53,4917-12,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today below 5080 be alert and below 5058 stay away from longs and on upside covering hope remains only above 5161 level . Positional Support for NIFTY 5093 5089 5082 and positional Resistance for NIFTY is 5124 5155 5167 5197 5227 5240 .
Oscillator Analysis The oscillator is showing SELL signal Short Term Oscillator Analysis- and NIFTY in oversold region.
Oscillator Analysis The oscillator is showing SELL signal Short Term Oscillator Analysis- and NIFTY in oversold region.
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