Nifty Updates for today 3 august

Nifty continued the bear trend and closed at 5456 .Today the first resistance for nifty is at 5475-80 level.Next resistance is at 5498-03 level.Next resistance is at 5522-24 level.Next resistance is at 5542-45 level.Next resistance is at 5557-60 level.Next resistance is at 5580-84 level.Next resistance is at 5618-23 level.Next resistance is at 5653-57 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 5434-30 level.Next support is at 5412-07 level.Next support is at 5375-70 level.Next support is at 5349-44 level.Next suport is at 5328-25 level. The nifty is still in bear trend so be very alert and close above 5520 is required for bull trend to again back in action and on downside below 5430 more selling will happen and this can push nifty to 5300 level in few days.So today the main intraday hurdle are at5480 and 5503 level.

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