Nifty was on bear trend yesterday and closed at 5420.Today the first resistance for nifty is at 5436-39 level.Next resistance is at 5455-60 level.Next resistance is at 5486-91 level.Next resistance is at 5525-30 level.Next resistance is at 5546-50 level.Next resistance is at 5587-92 level.Next resistance is at 5608-12 level.Next resistance is at 5655-59 level.Next resistance is at 5677-81 level.Next resistance is at 5708-13 level.Next resistance is at 5729-33 level.Next resistance is at 5748-52 level.Next resistance is at 5793-97 level.Next resistance is at 5820-23 level. Next resistance is at 5847-51 level.Next resistance is at 5892-97 level. On downside first support is at 5403-99 level.Next support is at 5388-85 level.Next support is at 5350-45 level.Next support is at 5322-17 level.Next support is at 5302-00 level.Next support is at 5242-38 level.The nifty is in bear region and a move below 5400 will have a negative impact.So today no long if below 5400 level and below 5385 intraday trend is very weak on upside intraday resistance are at 5460 and 5491 level and better no long until nifty strongly trade above 5500 level.
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