Nifty was on bear trend yesterday and closed at 5516.Today the first resistance for nifty is at 5540-45 level.Next resistance is at 5568-72 level.Next resistance is at 5582-85 level.Next resistance is at 5604-06 level.Next resistance is at 5615-18 level.Next resistance is at 5639-44 level.Next resistance is at 5680-85 level.Next resistance is at 5729-33 level. On downside first support is at 5490-86 level.Next support is at 5462-57 level.Next support is at 5442-39 level.Next support is at 5419-16 level.Next support is at 5403-00 level.Next support is at 5380-75 level.Next support is at 5336-31 level.Next support is at 5311-06 level.Next support is at 5282-78 level.Next support is at 5232-28 level.Next support is at 5177-75 level.So today main resistance for upside are at 5585 and 5605 and better not to take lake any long below 5458.Positionally next main hurdle is at 5683 level.
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