Nifty was volatile and traded within 5225-5340 yesterday. Minor support seen within 5225-5240 and selling seen within 5300-5340. 5210 is strong support and Nifty moving below 5210 will mean sharp declines. As intraday supports and resistances within yesterday trading range(5225-5340) therefore Nifty will first trade near the lower band of yesterday range. As we are in bear market and yesterday higher levels selling therefore 5210 testing is possible today.
As 5210 have been strong support therefore will be watched today for:-
1- Minor pull back rally after sustaining above or
2- Sharp fall after sustaining below.