Below 5280 we said Nifty will see a downside movement with a support around 5219 on yesterday. And the same happened, and Nifty closed below the support level of 5219. There will be further down if Nifty cross below 5192, if happens 5160, will be a good support, and if it fails 5123, 5037, 5000 will act as supports.
Above 5229 the up move is possible with resistance around 5250, 5279, 5307.
Today NIFTY above 5222-28, 5250, 5267, 5282, 5307 are resistance and
Below 5198, 5186, 5160, 5150, 5126, 5100 are supports.
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