Nifty will make a definitive move only after breaking 5330 or 5250 any of these levels, until that consolidating mode will prevail.Nifty is expected to consolidate for today also.
The maximum upside expected is only upto 5380 and there is less possibility for the nifty to go above 5400 before this expiry.
In downside the first support is at 5250 and when it breaks 5195 the next support will be at 5150.
The short term target will be of 4900.
Levels for Today
Support 5266 , 5250 , 5230 ,5195
Resistance 5296 , 5314 , 5330 , 5350
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