Nifty trying to form a base above 15184 levels.

Nifty gave a good closing today despite mayhem continuing in broader markets. Supports for Nifty are at 15180 levels and below that at 15050 level. Resistances on the top side are 15429, 15647 and 15887. If 15887 is crossed we can see a rally upto 16158 levels. This would be considered if it happens as relief rally only. We are not yet out of sell on rise market sentiment.