Trends

In recent bullish move I clearly told that 5350-5387 is good resistance and Nifty could not crosssed it. As I was having doubts on upmoves therefore I am telling for the last 2 days for minimum testing of 5280-5300. Selling at higher levels and crashing global markets will supress Indian markets and trading will be seen near 5250 after gap down opening. Indian markets are Range bound in the broader range of 5195-5387 and until intermediate trend is safe above 5187.

Strong supports are within 5195-5225 and for breaking it down complete selling is required. Global sentiment is disturbed after Greece and Portugal problenms and if fresh selling develops in Indian markets in the coming sessions then levels below 5195 will be seen. Finally broader range 5195-5387 break out will decide next big moves of Indian markets.

Red Oening,Red zone trading and Red closing expected today.