NIFTY TREND ANALYSIS

Nifty closed on a bearish note at 5686. So today the first resistance for nifty is at 5706-10 level. Next resistance ranges are at 5726-29,5762-67,5804-08,5824-28,5842-46,5871-76,5897-02,5917-22 levels. On downside first support is at 5666-62 level. Next supports are at 5645-40, 5610-05,5585-80,5560-55,5518-13,5488-83,5465-60, level.So today be very alert below 5640 and avoid longs below that level and on upside intra resistance will be at 5710 and 5729 level.