Nifty for 15-3-2011: Nifty crossed 5510 and closed at 5531.

FII bought in cash bought in index futures and sold in stocks futures, means markets will fall in future from these levels though they rise for 2 days.

Nifty future open interest  -3.5 lakhs not fully bullish.
Nifty 5550-5660 levels are strong resistance zone.
Tomorrow triggers GST bill in Parliament. Thursday triggers RBI credit policy review.

Markets may rise up to 5630 only? Two days long side trading.  Delevery buying is only after nifty crossing 5630 but if comes down breaks 5400 low and final way to 5100.