Markets witnessed a good correction yesterday to retest the levels of 5260 where it ended the march derivatives series. Today it is likely to be a neural day with a close around yesterday's close.
The high of the present bull run has not yet been tested and it is likely that the markets might rally upto 5370 in the near term before any strong correction sets in.
The 20 DMA on extrapolation will be around 5209 levels tomorrow and a retest of that will give strength for the additional bull leg going forward.
Resistance levels : 5268, 5283, 5296
Support levels : 5256, 5243, 5225
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