Technically the market is still in a sideways zone and The market has unfolded strong but in the process has generated a tight range bar and so trade long as long as 5500 holds.
The support for the Nifty is at 5500 and resistance at 5554-5580
BSE Sensex: (18351) the crucial support on the Sensex on the downside is 18270 and resistance at 18575