NIFTY AT A SMALL CORRECTION STAGE

Nifty yesterday traded as expected up ward though the Inflation data is at higher level and reached resistance levels 5200-5212. Now FII data is +ve, OI data is +ve, bought in cash. As Dow corrected overnight we expect nifty to correct today and may test 5111 maximum. Wait for a chance to buy calls once again. This month target 5290. Next month target 5500.