Nifty closed strongly at 5592 level. So today the first resistance for nifty is at 5642-47 level. Next resistance ranges are at 5667-72,5692-97,5743-48,5774-79,5820-25 levels. On downside first support is at 5543-39 level. Next supports are at 5518-14,5493-88,5444-40,5410-05,5365-60,5338-33,5302-298,5270-65,5232-27,5200-195,5176-71,5143-38,5118-13,5080-75,5030-25,4983-78 level.The trend is now slightly in bull side and if nifty stays above 5647 it is a good sign and chance are high for the bull trend to continue.On downside if nifty is below 5539 be very alert and put stop at 5489 for all longs.If nifty is facing selling at 5650 ranges be alert.Next major resistance on upside is at 5750 level.
Positional Support for NIFTY 5504 5422 5414 and positional Resistance for NIFTY is 5690 5714 5732 5774 5824 5846 .
Intraday Resistance of NIFTY are 5642.8 : 5692.6 : 5775.3 : 5705.7 : 5721.4
Intraday Support of NIFTY are 5543.1 : 5493.3 : 5410.6 : 5481.3 : 5465.9
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