Nifty closed in RED for the week gone. It made intraweek high and low of 5549 and 5391 resp. and closed at 5408.7 i.e. 2.2% down. The slide was consitituted by high volumes and Volatality as expected was bit higher being the expiry week.

Outlook:
Thought Nifty had big RED it has managed to close above 5400 mark. The trend will be confirmed to be negative if it goes below 5370 which is strong support and upper side is retricted by 5550 level. If opens above 5400 and manages for atleast 2 sessions the same level Nifty could touch 5600 level.

Strategy:
Wait for market to take confirm direction 5400 is crucial point here. If sustains above that it will make it to 5600 else short for 5200.