NIFTY INDEX TREND ANALYSIS.....

Nifty closed alomost unchanged at 5571.55 So today the first resistance for nifty is at 5610 level. Next resistance ranges are at 5634-40,5660levels. On downside first support is at 5534 level. Next supports are at 5500,5475 level.Nifty is currently in a negative territory but 5550 level is a support range so today if nifty is below 5534 be very alert and below 5500 sellers can strike with more strength and on up side intra resistance are at 5610 and 5640 level.