Nifty: ‘Technically the market is heading into a head wind and we could see profit booking in the upper regions’ the market has remained range bound within strong supports and strong resistance…technically there exists a stiff resistance around 5540 and the market is likely to be sluggish…

The crucial support on the downside for the Nifty is 5470-5450 and resistance at 5510-5540

BSE Sensex: The crucial support on the Sensex on the downside is 18200-18150 and resistance at 18356-18390