Nifty (spot) strong above 5605
Nifty (spot) weak below 5590
Nifty (spot) Support 5540/5490
Nifty (spot) Resistance 5650/5700
Nifty had given bullish breakout setting target of 5625/5650 which had been achieved. Now it is locked in the range between 5655 to 5585. Breakout of either side will give move of 70-75 points in near term. On the longer side Nifty will be considered bullish if it manages to close above 5750 for 2 consecutive days.
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