Nifty closed on a slight bull trend at 5274 level. So today the first resistance for nifty is at 5299-04 level. Next resistance ranges are at 5319-24,5353-58,5389-94,5422-25,5447-52,5470-75,5507-12,5530-34,5547-50,5563-66 levels. On downside first support is at 5250-45 level. Next supports are at 5228-23,5195-90,5165-60,5149-46,5122-17 level.So today if nifty stays above 5304 it is good and next intra resistance are at 5324 and 5358 level and on down side if nifty is below 5245 be very alert and avoid longs if below 5223.
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