Nifty (5121)

We said "now it looks as if the up move should continue for a target of around 5,185-5,200," the market continued its up move but got stalled at 5,145 and closing again on 5,121. This is a cause for concern and now if the up move continues then 5,185 is a possibility but the breach of 5,100 would be a worry.

The crucial support for the Nifty is at 5,100 and the resistance is at 5,185-5,200.