Nifty closed on a slight bear note at 5215. So today the first resistance for nifty is at 5230-34 level. Next resistance ranges are at 5252-55,5281-86. On downside first support is at 5185-80 level, So today if below 5180 be very alert and avoid longs if nifty sustains below that level and on upside intra resistance will be felt at 5234,5255 and 5286 level.
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The opening is likely to be mildly positive. Asian markets are mostly up this morning after US stocks closed at a three-month high. European shares ended at their highest level in more than four months.
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