Nifty tanked and closed below the crucial support of 5475 signalling a weak trend at 5414 level. So today the first resistance for nifty is at 5455-60 level. On downside first support is at 5374-69 level. Next supports are at 5333-28,5310-05,5266-61,5228-22 level.The trend is weak and below 5369 the chance are high for down trend to continue and better avoid longs as long as a strong oen above 5500 or a move above 5532.
Positional Immediate support for NIFTY is 5350
positional Resistance for NIFTY is 5608 5672 5802 5803 5810 5849 5861 5862 5889 .
Intraday Resistance of NIFTY are 5496 : 5563.4 : 5525.7 : 5541.2
Intraday Support of NIFTY are 5333.5 : 5266.1 : 5304.9 : 5289.8
Positional Immediate support for NIFTY is 5350
positional Resistance for NIFTY is 5608 5672 5802 5803 5810 5849 5861 5862 5889 .
Intraday Resistance of NIFTY are 5496 : 5563.4 : 5525.7 : 5541.2
Intraday Support of NIFTY are 5333.5 : 5266.1 : 5304.9 : 5289.8
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