The Nifty has had an extremely volatile week, quite contrary to the view we had been taking. However, this does not yet indicate strength in the trend. The trend remains in a two way volatile mood with no clear directional thrust as yet. We expect the market to continue with this characteristic and send confusing signals for some more time. In the near term the trend is therefore likely to remain indecisive. From an overall perspective the Nifty can be considered positive as long as it stays above 5,400. The NSE Midcap index too is attempting a bounce back and can gain technical strength. However, it is a wait & watch until clarity emerges.