Nifty was on a slight bear trend yesterday and closed at 5567.Today the first resistance for nifty is at 5579-82 level.Next resistance is at 5592-95 level.Next resistance is at 5611-15 level.Next resistance is at 5650-55 level.Next resistance is at 5687-92 level.Next resistance is at 5728-33 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 5543-39 level.Next support is at 5523-18 level.Next 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.Yesterday nifty remained on the range(5655-5541) we have mentioned and on downside even though our support exist up to 5491 level we recommend not to take long below 5540 .So today main intraday resistance are at 5595 and 5615 level and better long should be taken only above 5615 level and on down be very alert below 5540 and trend can take negative side if below 5490 level.
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