Nifty tanked to 5287. So today the first resistance for nifty is at 5342-47 level. Next resistance ranges are at 5360-64,5398-03,5433-38,5490-95,5540-45,5569-73,5589-93,5625-28,5642-47,5754-59,5776-81,5807-12,5824-28,5849-54,5889-94,5935-40,5960-65,5980-85,6001-06,6025-30,6040-45,6080-85,6105-10,6145-50,6194-98,6233-38 levels. On downside first support is at 5251-47 level. Next supports are at 5232-27,5195-90,5175-70,5144-39,5084-80,5034-30,4983-78 level.The medium-long trend is weak and unless a move above 5350 better above 5400 do not expect in bull side and below 5227 trend is very weak.If intially nifty dips and 5227 level is not broken and nifty stays strongly above this level for some time index may slightly rebound from this level.
positional Resistance for NIFTY is 5482 5520 5662 5753 5760 5797 5832 5836 5853 .
Intraday Resistance of NIFTY are 5342.8 : 5398.2 : 5490.2 : 5397.1 : 5412.4
Intraday Support of NIFTY are 5232.1 : 5176.7 : 5084.7 : 5178.9 : 5164
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