Nifty closed almost unchanged at 5320 level. So today the first resistance for nifty is at 5345-50 level. Next resistance ranges are at 5370-73,5399-03,5438-42,5467-70,5483-85levels. On downside first support is at 5285-80 level. Next supports are at 5262-57,5224-19,5202-00,5189-85,5170-65,5149-46,5113-07, 5090-85,5067-64,5045-40,5015-10,4991-86,4968-66,4950-45,4925-20,4894-90 level.So today be alert if nifty is trading below 5280 be very alert and avoid longs below that level and on upside intra resistance are at 5350,5373 and 5403 level. Positional Support for NIFTY 5260 5216 5204 5168 5137 5105 5101 and positional Immediate resistance for NIFTY is 5389.
Oscillator Analysis :
The oscillator is showing BUY signal Short Term Oscillator Analysis- and NIFTY in oversold region.
Oscillator Analysis :
The oscillator is showing BUY signal Short Term Oscillator Analysis- and NIFTY in oversold region.
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