Nifty gave a intra correction from near to our target zone, but bounced off the lows from the support given @ 5060 (low made 5067). Nifty still poised for the target 5165/75, as long 5048-5020/18 is holding.
Supports: Initial support is at 5084. Below that further weakness can bring 5051/48-5021-19 and decide the further move. EoD trendline is @ 4987 for tomorrow.
Resistance: Nifty under some pressure on minute chart wave structure, 5124-5144 main place to nullify the down wave impulse. Above that much discussed 5165/73. Violation of which can bring 5217/30 is possible.
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