It was a great day for the indian stock market that managed to close above the psychological level of 17800 and nifty managed to close above 5350. Now for stock market we might expect the strong upside rally from here. If nifty crosses & sustain the level of 5410, then it may go upside till the higher level of 5500. The next resistance for nifty are 5400-5450-5480 and support 5310-5260-4285. Those who have taken some position could book some profit at this level, and those who want to long their positions could go for buy till the nifty level reach to the 5400.
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