Nifty was on a strong bear trend yesterday and closed at 5526 continuing the bear sentiment .Today the first resistance for nifty is at 5560-65 level.Next resistance is at 5594-98 level.Next resistance is at 5609-13 level.Next resistance is at 5631-35 level.Next resistance is at 5645-50 level.Next resistance is at 5674-77 level.Next resistance is at 5696-5700 level.Next resistance is at 5727-32 level. Next resistance is at 5743-48 level.Next resistance is at 5788-93 level.Next resistance is at 5842-46 level. On downside first support is at 5496-92 level.Next support is at 5460-57 level.Next support is at 5437-34 level.Next support is at 5410-05 level.Next support is at 5381-78 level.Next support is at 5363-60level.Next support is at 5330-25 level.next support is at 5309-05 level.For last two days trend had taken a negative clue and below 5600 be very alert.Again nifty back in bear region and below 5490 we expect nifty to be in red and on upside main intraday hurdle are at 5565 level and 5598 level and Positionally the main hurdle is at 5613 level.At this level it is better not to go for bottom fishing out and worst to come if nifty is below 5460.
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