The market continues to be in bear grip although a major down-slide from these levels doesn't seem likely. Short term traders of Nifty F&O on short side might get caught for a sudden upside movement cannot be ruled out. However for medium term investors, bottom fishing by way of staggered buying is advised. 5375 may act as a strong support. However if 5525 level is overcome on Monday in opening trades with good volumes, Nifty may go upto 5625 levels. But a downtick seems more likely before the upmove.
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