NIFTY TODAY
Today nifty managed to close above psychological level 5300. Volume was not good. However, FII’s were net buyers for 1062.82 crore! The beginning of the week is good. Nifty had resisted strongly at 5327 levels. Technically, a spinning top had formed in the price chart. In my perspective, only above 5330 levels we are on the threshold of new rally.

NIFTY TOMMOROW
I strongly expect an upside breakout rally has FII’s were big buyers. Would there be no negative news, then we may see nifty crossing 5383 and 5427 easily. Let’s see what happens tomorrow.
SUP:5280, 5245. RES: 5327, 5383 5427.
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