07/05/2012 Trading View

Nifty made a high of 5177 low of 5070 and closed at 5086 which is 101 points down from previous close.

Nifty has broken the 5130 level which shows the weakness of the market. And now its trading below 200 dma.

Nifty will find resistance between 5130-5150 so any rise up to this level can be utilized for shorting with stop loss of 5180 for the target of 5080 and 5000.

Nifty will find support at 5070 , 5025 and below that 4925.