*Nifty bounced back from lower Bollinger Band and closed above 20sma, which was worrying for bears.
*5257.10 will be very important level to watch. If nifty is able to hold on to this level in next week, it can give more bullish moves in coming days. *5199.40 can be a panic support.
*5351.10 and 5370.30 can be important resistance points. Can see short covering above these levels.
*5265.60 is weekly pivot, hold on to longs as long as nifty remains above this levels.
*Indicators on daily chart is giving buy signal, while weekly chart suggests some resistance ahead. It is an expiry week. Market can be very volatile in next week.
