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 in our target zone and reacted closing in the red near our support.

Technically, still the market trend is up but in a reactionary mode and can slide down to around 5,282 - 5,201 and the upside limited to 5,435. The support for the Nifty is at 5,282 - 5,201 and resistance at 5,400 - 5,435 levels.