Nifty future support is seen at 5205 and then at 5190-5174 and break below can drag it to 5149-5130. The resistance is placed at 5249 and if crosses above can target 5270 however above 5249 it will open up doors for 5335-5400. A double top formation has been observed on Nifty spot. Keep a close eye on spot nifty at 5217 & future nifty @ 5249 as few closes above can target 5400 levels in coming days. If fails to close above 5249 for 3 days we cannot rule out the possibility of 5070-4960.
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