Below mentioned are the intraday trading levels.

Watch out for 5,325 for any bearish action.

The index looked bullish with a late surge that suggests a potential target of 5,625. One session expectations are 5,525 or 5325. Stop-loss shorts at 5,475 and stop-loss long positions at 5,350. A long strangle of long 5,200p (18) and long 5,500c (58)

Markets are becoming extremely volatile struggling to sustain above 5,400 and 17,800 since last three days.

Nifty (5368) we said ‘technically still the market is up but in a reactionary mode and can slide down to around 5282-5201 and the upside limited to 5435’ the market stayed put sideways finding stiff resistance near the 5400 mark and closing

5,325 and 5,415 are the two trigger points on either direction.

The index continues to range trade.

Nifty (5335) we said ‘so technically the market is up and the next logically target beyond 5,385 is 5,400 - 5,435. The market is also looking stretched and so I would not rule out a reaction if it comes’ the market unfolded as expected opening

The Nifty on the charts shows a 'Bearish Engulfing Pattern', however the momentum remains in favour of an up move. Hence, one should be prepared for choppy movement in the near future, with slightly negative bias.

The index closed weak.

The Nifty ended higher for the fifth straight day, up 0.7 per cent at 5,362 on the back of relentless buying support from the FIIs. The foreign institutional investors have so far this year invested over Rs 15,000 crore.

The Nifty gained for the fifth straight week. It's crossed over its own 200-Day Moving Average (DMA), which could be a signal of reversal for the major bear market. We'll have to see if this move sustains.

The rally continued gaining further momentum and the most important point is markets have managed to close above 200-days moving average (200 DMA).

We said ‘The market unfolded as expected and has managed to stay above the crucial 5000 mark and has closed on a strong technical resistance of 5,202. Technically the trend is still intact up but the market is due for a reaction and could happen

The Nifty, as expected, displayed a firm trend above 5,255 as the short-term trend indicated. The index is now nearing its major hurdle around the 5,370-5,400 range.

The markets continued to rally for yet another week, driven by liquidity. The Foreign Institutional Investors (FIIs) so far this year have pumped in over Rs 15,000 crore.

Investors extrapolate likely future trends from past data. These estimates have an inbuilt error factor and varied timeframes. So, although the market leads the real economy, there is no hard and fast rule about the lead-time.

The markets continued to rally for yet another week, driven by liquidity. The Foreign Institutional Investors (FIIs) so far this year have pumped in over Rs 15,000 crore.

However, expect bouts of profit taking at higher levels.

The index hit resistance near 5,300. A major swing today would be between 5,125 and 5,400, though a range trade of 5,200-5,300 is more likely.