Nifty was on bear trend yesterday and closed at 5550.Today the first resistance for nifty is at 5568-71 level.Next resistance is at 5584-89 level.Next resistance is at 5603-05 level.Next resistance is at 5618-23 level.Next resistance is at 5640-45 level.Next resistance is at 5678-83 level.Next resistance is at 5729-33 level. On downside first support is at 5532-28 level.Next support is at 5511-06 level.Next support at 5488-85 level.Next support is at 5469-66 level.Next support is at 5458-55 level.Next support is at 5432-29 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 5589 and 5605 level.Positionally next main hurdle is at 5683 level.On down side below 5529 be alert and below 5505 trend is weak.
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