Nifty (5236): We said 'a totally unexpected move and the market has generated a fresh buy signal with a logical target of 5385 but first it needs to cross 5202 with force'. The market unfolded as expected and closed in the green.
Technically the market is still up with the next logical target being at 5385 with some resistance around the 5300 zone.
The support for the Nifty is at 5200 and resistance at 5300-5385.
