Nifty closed on a slight bear note at 5227. So today the first resistance for nifty is at 5255-60 level. Next resistance ranges are at 5279-74,5310-15,5351-56,5370-72,5398-03,5422-27,5449-54,5468-73 levels. On downside first support is at 5196-91 level. Next supports are at 5175-70,5149-46,5134-30,5115-12, 5090-85,5067-64,5045-40,5015-10,4991-86,4968-66,4950-45,4925-20,4894-90,4867-62,4845-40,4815-10,4795-91,4768-65,4750-45,4700-95,4680-75 level.So today upward resistance point are at 5260,5274 and 5315 level and better long should only above 5260 level.on down side if nifty is below 5190 be very alert and stay away from long
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