Nifty closed on a bullish note at 5568. So today the first resistance for nifty is at 5594-98 level. Next resistance
ranges are at 5619-24,5650-53,5670-75,5700-03,5727-32,5750-54,5771-75,5790-95,5815-19,5836-41,5855-
58,5880-85,5907-10,5927-32,5950-55,5982-87,6010-15,6025-27,6043-47,6070-74,6100-05 levels. On downside
first support is at 5542-38 level. Next supports are at 5517-12,5495-90,5474-70,5455-50,5433-28,5405-00,5377-
72,5301-296 level.Nifty is still in bear zone.So today if nifty is below 5538 be very alert and below 5512 bears will
strike with more strength and on upside intra resistance are at 5598,5624 and 5653 level.
weekly trend
5758 5798 5857 5868 5874 .
Intraday Resistance of NIFTY are 5619.6/5662.1/5705/5743.1
Intraday Support of NIFTY are 5517.2/5474.7/5441.8/5404.7/5367.8
Oscillator Analysis NIFTY is now trading in oversold level. The oscillator is showing BUY signal Short Term
Oscillator Analysis- The signal is BUY
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