Nifty tips for today 9 August

Bears have the control and Nifty slipped again to close at 5118 .Today the first resistance for nifty is at 5160-65 level.Next resistance is at 5203-08 level.Net resistance is at 5228-32 level.Next resistance is at 5256-61 level.Next resistance is at 5277-81 level.Next resistance is at 5302-06 level.Next resistance is at 5321-26 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 5075-70 level.Next support is at 5032-27 level.Next support is at 4965-60 level.Next support is at 4895-90 level.Next support is at 4840-35 level. The nifty is in bear trend so be very alert and no long is recommended .Even for intraday do not think about long until nifty strongly trades above 5165 level.Below 5070 be very alert and do not attempt bottom fishing out.Next major support is at 4965-58 level.
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