Last session 5235 worked perfectly as well as the overhead resistance 5285. Nifty is witnessing intra day correction but as discussed on last few posts, holding 5230 will bring higher levels again.
Supports: 5250 is pivotal. Below that 5235/30 will be challenged again, violation of which can result in 5200/5195-5140. But as shown above, no positional downtrend is visible, as long we are above 5140.
Resistances:5290/94, above which 5303 will be challenged and much awaited 5333/40 can show up.
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