Nifty (5409) we said ‘we are now into a roll over and so volatility is not ruled and the range is expected to be between 5350-5450’ and the market unfolded volatile as expected and has managed to close above the crucial 5400 mark…technically the trend is still intact up as long as 5380 holds..

The crucial support on the downside for the Nifty is 5380-5350 and resistance at 5450-5493-5511-5558

BSE Sensex: (17992) the crucial support on the Sensex on the downside is 17850 and resistance at 18100-18356

(Prakash Gaba is a Mumbai-based technical analyst)