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 flat…I would say that 5322 is a very crucial support to deal with and best to trade long as long as 5322 holds…

The support for the Nifty is at 5322-5282 and resistance at 5400-5435

(Prakash Gaba is a Mumbai-based technical analyst)