Nifty is still in dilemma

As per today's trading these points are derived.

• Nifty falls below 1032 ema line.
• Nifty future open interest added to some extent. 
• FII data bought more in cash, bought in index futures and sold in stocks futures (2 nd day). Means indecisiveness to the short term trend. But weekly candle is drifting down in red (danger).
• Previous high of nifty 5400 not crossed. 
• Option writing 5000 puts added but 5400 calls sheds (READ WITH ADDITION OF INDEX FUTURE LONGS BY FIIs)  means some unexpected bounce is expected in the next week or on Friday. 
• As per weekly chart markets have to fall hugely with in 2 or 3 weeks. But before that a false breakout up side is expected. Range is 5180-5360-5400-5430. A fall below 5200-5180 is more dangerous and may bring down the nifty to 4700 zone so fast. (But a little bit confusion with the FII longs in index futures)

A CAUTIOUS DOWN SIDE VIEW IS REQUIRED.  

Nifty view for November settlement.

• Option writing range 5000-5400.
• Support 4700 resistance 5400.
• Support on long term charts 5200 (a fall below will lead to major fall 4700 and even to lower levels with in months).
• If nifty crosses 5400 then index may rise up to 5750-6100 (but for few months).

For tomorrow: If nifty crosses 5360 for weekly close then bullish else the minor fall comes first.