Nifty was on bull trend yesterday and closed at 5536 and nifty hovered between our first resiatnce of 5570 and first support of 5470.Today the first resistance for nifty is at 5565-68 level.Next resistance is at 5590-94 level.Next resistance is at 5609-14 level.Next resistance at 5639-42 level. Next resistance is at 5655-60 level.Next resistance is at 5689-94 level.Next resistance is at 5728-33 level. On downside first support is at 5511-06 level. Next support at 5473-68 level.Next main support at 5451-46 level.Next support at 5432-28 level.Next support at 5382-79 level.Next support at 5363-58 level.Next support at 5318-15 level.Next 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.So today for further up movement nifty have to move past 5612 level and if nifty fail to cross this level selling will resume so for upside main hurdle are at 5570 and 5612 level .Main support level at downside are at 5470 and 5446 but better do not take any long below 5470.
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