The market is now getting into a range between 5,350 and 5,500. For now, buy Nifty on dips before the trigger comes with the three big events lined up to take place - UP election results on March 6, RBI credit policy on March 15 and Union Budget on March 16.

Trade long in Nifty above 5,350 levels, else from 5,320 levels with stop loss placed at 5,300 for targets of 5,380 and 5,400 levels. Alternatively, trade short if Nifty trades below 5,300 levels targeting support levels

Nifty Futures shut stop at 5391.50 up by 0.75 points or 0.01 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 5440 else below support level of 5340 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5440 & above this level the next resistance is seen near the 5520 mark.

SUPPORT: It has first support close to the level of 5340 & below this level the next support is seen near 5300 mark.