LAST WK MARKET MADE IMMEDIATE BOTTOM AROUND 4720 LEVELS & WE SAW SMART RECOVERY WITH SOME GAP OPENING. BUT ONCE AGAIN NIFTY FACING RESISTANCE AT 5150 LEVELS. LAST TIME NIFTY REVERCE FROM 5170 LEVELS WHICH IS SUPPORT LINE OF DECENDING TRIANGLE. ABOVE THIS LEVEL WE WILL SEE MORE UPSIDE. THERE WERE A GAP PENDING NEAR 5335 LEVEL MAY BE NIFTY WILL TRY TO FILL UP THIS GAP IN THIS ONGOING RALLY. FROM LAST WK'S LAST 2-3 TRADING SESSION FII BECAME NET BUYERS THEY WILL CONTINUE THIS WK ALSO & ON OTHER HAND DII TURN NET SELLERS ON MARKET. VOLUME WAS NORMAL & NO SPECIFIC INDICATION FROM OPEN INTEREST ALSO. DEMA GAVE POSITIVE CROSSOVER. RSI ALSO MOVE ON POSITIVE ZONE. MACD ALSO SHOWS POSITIVE CROSSOVER BUT STILL IN NEGATIVE ZONE. ON WKLY NIFTY CHART ALSO OSCILLATOR GAVE POSITIVE DIVERGENCE. INDIA VIX TAKE SHARP DOWNMOVE FROM 36-37 TO 25. INDIA VIX HAS GOOD SUPPORT AROUND 24. NEXT WK WILL BE CRUCIAL FOR MARKET. EARNING ESTIMATE LL TRY TO MAKE IMPACT ON MARKET.
 
 7 DEMA 5025.60  

 20 DEMA 4988.14.
 

 NIFTY RANGE  SUPPORT 5040-4960-4890. RESISTANCE 5170-5220-5335.