Nifty today reacting to the RBI credit policy closed at 5430. Bullish as of now but no steam. Maximum possibility is that nifty closes above 5400 (may be there itself for settlement with a chance of breaking the 5400 level before the close). As per next month option buildup nifty has to touch both the levels at 5300 and 5600. As the market is not showing more steam as of now it is expected nifty to touch 5300 level first and to rise up ward later. FII data negative in cash markets for the first time and balanced in F&O. Global cues may not impact the markets for this week.
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