Nifty (5,345)

We said "Technically it looks like the market has now stiff resistance around 5,320 and we could see slide down to around 5,200 if it starts to trade below 5,275."

The market did not start to trade below 5,275 and continued its journey up and now looks like our original target of 5,440 is within reach and strong support is at 5,300.

The crucial support for the Nifty is at 5300 and the resistance is at 5378-5440