settlement day!!!

Nifty after breaking 5416 level closed at 5398. The outlook turned negative as of now. As seen from more buildup of August call options at 5500 from 5600 the  upper range shifted down. The lower range is also expected at first to touch 5300 level. Relianace sentiment turned down. Target 980 medium term. Banks are required to correct further. Settlement may be around 5320-5350 to 5400. Global cues are negative for tomorrow. Friday nifty has to test 5300 level?