Nifty is now on 5184. Technically the market is still weak and a slide down to 5080 is a possibility but volatility is not ruled out as we are in an F&O expiry week with 5250 being a strong resistance zone to deal with the market unfolded volatile as expected and saw the high at 5277. Technically the market is still weak though the low at 5170 has held. The current market may show some more volatility as some of the Nifty stocks could react sharply.
The crucial support for the Nifty is at 5170-5080 and the resistance beyond 5250 is at 5377.
Nifty Futures For Today
Nifty Futures shut stop at 5265.65 up by 74.35 points or 1.43 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5170 else above resistance level of 5300 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 5300 & above this level the next resistance is seen near the 5410 mark.
SUPPORT: It has first support close to the level of 5170 & below this level the next support is seen near 5100 mark.