On Nifty daily charts, we are observing that the momentum indicator RSI is in the oversold region and likely to recover in coming days. For intraday trading tomorrow, 5050 may act as the immediate support for Nifty and if this is broken on closing basis, then next support may be seen around at 5000-4960. On the upside, 5150 - 5200 are the immediate resistance for it and any trades above these levels are likely to face stiff resistance at 5250/5320.
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