Nifty was on a bull trend and closed at 5409. So today the first resistance for nifty is at 5449-54 level. Next resistance ranges are at 5489-94,5517-22,5555-60,5589-93,5625-28,5642-47,5754-59,5776-81,5807-12 levels. On downside first support is at 5368-64 level. Next supports are at 5328-23,5300-95,5262-58,5225-20,5211-06,5178-73,5143-38,5080-75,5030-25,4983-78 level.The medium-long trend is still weak and for this short bull move 5360-90 range will be a resistance area.So today intra resistance are at 5454 and 5494 level and on downside if nifty is below 5364 be very alert and better avoid any longs.
Positional Support for NIFTY 5385 and positional Resistance for NIFTY is 5485 5605 5733 5774 5819 5827 5849 .
Intraday Resistance of NIFTY are 5489.5 : 5556.3 : 5519.9 : 5535.4
Intraday Support of NIFTY are 5328.6 : 5261.8 : 5299.3 : 5284.2
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