Nifty is at 5223. Technically the market is still weak and the recent low of 5135 can be tested and the next logical target on the down side is 5117. Strong resistance 5260 zones, the market unfolded holding on to our first line of defence of 5170 and closing flat. Technically the market is still weak and may see some more upside to around 5280-5290 zones. However crucial Make or Break level is not established at 5180. The crucial support for the Nifty is at 5180-5135-5117 and the resistance is at 5380-5390. 

Nifty Futures 

Nifty Futures shut stop at 5224.35 up 25.75 points or 0.50 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 5180 else above resistance level of 5240 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 5240 & above this level the next resistance is seen near the 5320 mark. 

SUPPORT: It has first support close to the level of 5180 & below this level the next support is seen near 5130 mark.

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