It is very clear in the chart that the NIFTY cannot sustain above 5310. However it manages to open in positive note yesterday, but closed below the mentioned level. A close Above 5310, Nifty can touch 5350, 5400 and for downside it should close below 5195.
Today NIFTY above 5272, 5281-89, 5310-13, 5326, 5338, 5350 are Resistance and
below 5249, 5242, 5220, 5200-94, 5183 will act as supports.
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