Nifty Trading Advices and Basic Trading support levels

Today nifty again strong sell off mode close at 5302 points. Today nifty at 5315.80, down with 40.55 points or 0.31%.

The stock market punished today once again as rupee down with 65/dollar.the sensex is down with 123.39 points..the rupee will continue depreciate from here as no the investors wants to buy Indian bonds it also effect the nifty..

During this market trading Tatasteel, Lupin, ONGC, tatamotors,,tatapower,jindal steel,Ranbaxy increase 4.5% while mahindra, ITC, Heromotocorp,Coal india, DLF down with 4.2%.

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Resistance levels of nifty-

Today the first resistance of nifty at 5373 if any condition its fell down then 2nd resistance level is 5438.

If nifty going to fell by the effect of down market then the support level in down side will be 5233 and 2nd is 5168.

For intraday trading sell nifty in future trade target 5270.00 stoploss 5300.55/5290.00.