Nifty had a high volatile session today and in the end made the flat closing. Today Nifty made a nice come back from the support levels of 5390 to 5400. Decisive closing below this support may make it slip it till the lower level of 5350 in near run. In the upside the major resistance seems to be at the level of 5550. Decisive closing above this resistance may guide Nifty towards the level of 5700 in near run. For trading we recommend that traders may go for buy on dips until it close below 5350 for the target of 5700.

Sensex is facing the resistance close to the levels of 18450 to 18500. Decisive closing above this resistance zone may take up the Sensex till the level of 18800 in near run. In the downside it is getting the short term support close to the levels of 17825 to 17900. Decisive closing below this support zone may further weaken the trend of sensex for futher decline might drag till the lower level of 17400 in near run.