Nifty is on 5359. Technically the up move continues with crucial support at 5300 and the logical target being 5352-5383. The market yet again unfolded as expected and achieved our target of 5383 shy by just 4 points. The high of the day being 5379.

The crucial support for the Nifty is at 5353 and the resistance is at 5383-5400

Nifty Futures shut stop at 5383.25 up 32.60 points or 0.61 %. It is looking bullish in the coming trading session if it manages to trade above the

resistance level of 5410 else below support level of 5300 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 5410 & above this level the next resistance is seen near the 5550 mark.

SUPPORT: It has first support close to the level of 5360 & below this level the next support is seen near 5300 mark.