Nifty may head lower to 5000 levels;
The Nifty may head lower to 5000 levels, after sliding 2.3 on Friday as institutions continued to build short positions.
``Nifty, after a steep advance is currently consolidating since past few trading sessions. There is an immediate resistance at 5,625-5,630 levels on the upside and on a decisive close above, expect rise 5,700 levels; traders should book profits near this range. Nifty has immediate support at 5,545 levels which would act a cushion on the downside,`` said the broking house Nirmal Bang.