As we said before, NIFTY fall around 100 pts. and reached our target yesterday.
On the downside of NIFTY, 5159 will act as a major support. Whereas if the level broken the next level will be 5100. And it is likely visible that there will be up move from the level.
If NIFTY close above 5252, 5280, 5308 will slightly stop the move on upper side. Above 5308 there will be 50 points rally.
Today NIFTY above 5217, 5233, 5241, 5257, 5265 are Resistance and
Supports at 5162, 5138, 5123, 5115, 5103.
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