Nifty Technical View

Nifty surpass the crucial upside level of 5150 and made the good breakout with convincing volume as well. In nifty future now we can expect the level of 5200 & if it sustains this level might touch the level of 5225 as well. The short term resistance is seems to be at the level of 5230 & after it the key resistance zone will be 5300 to 5305 for Nifty. The support base is now looking at the level of 4990 to 5000.