Nifty has resistance at 5,240:
``Indian markets are expected to open higher tracking positive global cues while investors will keep a close eye on state owned oil and gas companies after they slashed petrol prices as crude oil prices dip. Nifty has support at 5,110 & resistance at 5,240,`` said Mehta Equities.
``While consumer durables, telecom and IT lead the gainers, auto, power and capital goods were the top losers. The Sensex fell by 16.9 points or 0.1% to 17,301.9 and the Nifty fell to 5,239.2, down 9.0 points or 0.2%. The Sensex has supports at 17,210 and 17,000 and resistances at 17,430 and 17,530. The Nifty has supports at 5,220 and 5,180 and resistances at 5,280 and 5,310.``