Nifty continued the bear trend and closed at 5487 .Today the first resistance for nifty is at 5505-10 level.Next resistance is at 5524-30 level.Next resistance is at 5544-48 level.Next resistance is at 5560-65 level.Next resistance is at 5582-85 level.Next resistance is at 5620-25 level.Next resistance is at 5645-50 level.Next resistance is at 5669-73 level.Next resistance is at 5715-20 level. Next resistance is at 5737-42 level.Next resistance is at 5763-68 level. On downside first support is at 5468-64level.Next support is at 5448-43 level.Next support is at 5414-08 level.Next support is at 5375-71 level.Next support is at 5349-44 level.Next suport is at 5328-25 level. The nifty is now in bear trend so be very alert.So today the main intraday hurdle are at5530 and 5548 level and below 5464 bear trend likely to continue for intraday.
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