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Nifty was on bear trend and closed at 5072 .Today the first resistance for nifty is at 5110-15 level.Next resistance is at 5150-55 level.Next resistance is at 5191-96 level.Next resistance is at 5215-20level.Next resistance is at 5248-53 level.Next resistance is at 5322-26 level.Next resistance is at 5343-48 level.Next resistance is at 5382-86 level.Next resistance is at 5409-13 level.Next resistance is at 5428-33 level.Next resistance is at 5486-91 level. On downside first support is at 5034-30 level.Next support is at 4996-91 level.Next support is at 4967-62 level.Next support is at 4932-28 level.Next support is at 4898-95 level.Next support is at 4847-41 level. Next support is at 4788-82 level.The nifty is clearly in bear grip and bulls have no hope till nifty closes above 5200 even a move below 5030 may pull down nifty to new lows.SO today the main hurdle on upside are at 5115 and 5150 level and supports are at 5030 and 4990 level.
Nifty was on bear trend and closed at 5072 .Today the first resistance for nifty is at 5110-15 level.Next resistance is at 5150-55 level.Next resistance is at 5191-96 level.Next resistance is at 5215-20level.Next resistance is at 5248-53 level.Next resistance is at 5322-26 level.Next resistance is at 5343-48 level.Next resistance is at 5382-86 level.Next resistance is at 5409-13 level.Next resistance is at 5428-33 level.Next resistance is at 5486-91 level. On downside first support is at 5034-30 level.Next support is at 4996-91 level.Next support is at 4967-62 level.Next support is at 4932-28 level.Next support is at 4898-95 level.Next support is at 4847-41 level. Next support is at 4788-82 level.The nifty is clearly in bear grip and bulls have no hope till nifty closes above 5200 even a move below 5030 may pull down nifty to new lows.SO today the main hurdle on upside are at 5115 and 5150 level and supports are at 5030 and 4990 level.
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