Nifty closed on a slight up note at 5928 level but had retraced from the highs of 5981. So today the first resistance for nifty is at 5950-54 level. Next resistance ranges are at 5968-72,6003-08,6023-27,6042-46,6082-86,6121-26,6170-75,6212-16,6230-36,6262-66,6313-18,6367-6372 levels. On downside first support is at 5907-02 level. Next supports are at 5886-82,5852-48,5832-28,5794-90,5775-70,5754-50,5732-28,5699-94,5671-67,5650-47,5625-20,5590-85,5560-55,5524-19,5493-88,5444-40,5410-05,5365-60,5338-33 level. So today above 5972 trend is good for bulls and below 5886 trend favour bears.So if long it should be taken above 5900 with a stop at 5882 level.
Positional Support for NIFTY 5882 5853 5828 5803 5790 5741 5683 5675 positional Immediate resistance for NIFTY is 5994
Intraday Resistance of NIFTY are 5969.8 : 6004.2 : 6044.5 : 6060.6
Intraday Support of NIFTY are 5887 : 5852.6 : 5813.5 : 5797.6
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