On the Indian Stock Market.

Our resistance of 5301 was conquered on closing basis which implies that market may go up a little more, but it will gain only if it trades above the immediate support of 5380. The immediate resistance for today is at 5457 and then at 5506 & 5592.
On the other hand, if it trades below 5380 with good volumes then the index will slide down with supports at 5355, 5331, 5310 & 5237.
Intraday traders may trade long if the Nifty trades above 5380 and go short if it trades below 5380 and clear positions if the index sticks around the resistances or supports as the case may be.
Short term investors may go long at supports with stop loss at 5225 and go short at resistances with stop loss at 5600.
Mid term investors may offer HCL Tech at 1061.45 & 1092.45 in small quantities.