Markets after taking a beating in the previous two sessions remained positive for major part of the session. Nifty future took strong support around 5100 level and reversed from this crucial level towards the resistance of 100 day EMA of 5150. If it is able to hold above this 100 day EMA then we can see it moving in the range of 5180-5230.While any fall below 5090 will throw nifty towards weaker side where it may test the support of 5030.

TREND: SIDEWAYS
SUPPORT : 5090 & 5030
RESISTANCE: 5180 & 5230