NIFTY is tightly boxed at 5680-5710 range and signals are neutral (but not mixed). The underlying bullish undertone is very much intact. There are lot of triggers in pipe-line from the RBI, the Government and the Parliament. Let us continue to watch immediate term support at 5680-5660, near term support at 5660-5630 and short term support at 5630-5580 with near/short/medium term objectives at 5750/5830/6330. For now, let us watch 5680-5730 (extension limited to 5660-5750) with bias into higher end.
Good luck.................Moses Harding
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