Nifty was on bull trend last day and closed at 5531.Today the first resistance for nifty is at 5541-43 level. Next resistance is at 5559-64 level.Next resistance is at 5588-92 level.Next resistance is at 5623-26 level.Next resistance at 5642-47 level.Next resistance at 5668-71 level.Next resistance is at 5710-14 level.Next resistance is at 5731-34 level. On downside first support is at 5523-20 level.Next support at 5503-00 level.Next support at 5473-68 level.Next support at 5452-49 level.Next support at 5426-21 level.Next support at 5413-10 level.Next support at 5397-94 level.Next support at 5375-70 level.Next support at 5353-49 level.Next support at 5335-32 level.Next support at 5290-87 levelNext support at 5273-68 level.Next support at 5245-41 level.Next main support is at 5187-83 level.Next support at 5241-37 level.Next support at 5203-99 level.Next support at 5163-59 level.Next support at 5149-45 level.Next support at 5112-07 level.Next support at 5037-35 level.Next support at 4970-65 level.The nifty had made a good move yesterday and chartwise the trend is changed to slightly bull(No short position if nifty is above 5560) but still it is away from the main hurdle at 5620-25 level and nifty had to strongly trade above this level for the uptrend to become strong.For intraday above 5560 long is good and on down side support exist at 5500 and 5470 level and below 5470 no long should be taken.
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