Nifty made a high of 5336 low of 5245 and closed at 5290 which is 41 points down from previous close.
Nifty is finding resistance at 5340 which is 50DMA to move further up side Nifty has to clear the 5340-5380 which is the supply zone. On clearing this Nifty can go up to 5600.
Nifty in the case of not able to cross 5340 it can test 5170.
As Big Brother Reliance result is not good market is expected to open in the negative side.
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