Nifty closed on a bull note at 5199. So today the first resistance for nifty is at 5225-30 level. Next resistance ranges are at 5256-61,5282-87,5305-10,,5325-30,5358-63,5398-03,5422-27,5449-54,5468-73 levels. On downside first support is at 5170-66 level.
So today above 5230 we expect the trend to continue and next resistance is at 5260 and on downside unless below 5140 we did not expect intra fall.
Positional Support for NIFTY 5181 5153 5146 5144 5102 5094 5078 and positional Resistance for NIFTY is 5224 .
Oscillator Analysis The oscillator is showing SELL signal Short Term Oscillator Analysis- and NIFTY in oversold region.
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