Nifty could not sustain to 5100 levels yesterday and tested the strong support of 5052 levels.
Now that the retest of 20 DMA is complete, it looks like Nifty can give a strong bounce anytime and move towards the new high.
The volumes have been significantly lower on days when Nifty is correcting. The build up in 5000 puts has been the largest and so market is likely to give a bounce on any down move below 5050.
Resistance levels : 5082, 5108, 5131
Support levels : 5052, 5033, 5005
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