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Nifty was on bear trend yesterday and closed at 5428.Today the first resistance for nifty is at 5438-41 level.Next resistance is at 5458-62 level.Next resistance is at 5471-73 level. Next resistance is at 5489-93 level.Next resistance is at 5525-30 level.Next resistance is at 5571-75 level.Next resistance is at 5601-05 level.Next resistance is at 5647-52 level.Next resistance is at 5678-82 level.Next resistance is at 5700-04 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 5417-15 level.Next support is at 5403-98 level.Next support is at 5386-83 level.Next support is at 5350-45 level.Next support is at 5323-18 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 5462 and 5473 level and better no long until nifty strongly trade above 5500 level.
Nifty was on bear trend yesterday and closed at 5428.Today the first resistance for nifty is at 5438-41 level.Next resistance is at 5458-62 level.Next resistance is at 5471-73 level. Next resistance is at 5489-93 level.Next resistance is at 5525-30 level.Next resistance is at 5571-75 level.Next resistance is at 5601-05 level.Next resistance is at 5647-52 level.Next resistance is at 5678-82 level.Next resistance is at 5700-04 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 5417-15 level.Next support is at 5403-98 level.Next support is at 5386-83 level.Next support is at 5350-45 level.Next support is at 5323-18 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 5462 and 5473 level and better no long until nifty strongly trade above 5500 level.
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