Asian stocks ended mixed for a third day as signs of strength in the world`s two biggest economies, the U.S. and China, bolstered confidence in the global recovery. Japanese shares fell as the yen`s appreciation damped the earnings outlook for the country`s exporters.

Nifty is now 5318. Technically it has just 3 days of trading left ahead of long weekend. Market may show some sideways action to mild positive for the week and strong supports emerging at 5220-5200 zones. The crucial support for the Nifty is at 5220-5200 and the resistance is at 5330-5352-5383. The market unfolded mildly positive as expected and has seen the high of the day at 5331 like a dot and closed in the green and generating in the process an indecisive pattern. Technically the up move continues with crucial support at 5300 and the logical target being 5352-5383.

The crucial support for the Nifty is at 5300 and the resistance is at 5352-5383.