Nifty Overall

• Nifty spot facing a resistance at 5290 - 5335 range.
  
• The 200 Day Exponential moving average is placed at 5194 as of now. This will act as a major support.
  
• The momentum indicator EMV suggests a spurt on cards.
  
• Slow stockastic and MACD have turned neutral. Fast stockastic, Stock RSI and William suggesting an upside spurt.
  
• The falling trend started since 2nd Feb will end if Nifty spot closes above 5335.

Considering above facts, Nifty seems to be gearing up for an upside spurt. But, one must wait for the confirmation of at least a close above 5335.

(Today's recommendation of selling nifty at 5355 was for intraday only with stoploss of 5365. Nifty spot, if witness fall, it seems it will take support at 5282.)