S&P CNX Nifty for 11 April 2013.

The market indeed exhibited a comeback as, much in predicted lines, it did stick it's head above the 5528 mark as we had stated in our last post.
The immediate support is at 5547 and 5534. 5534 also hapens to be the tipping point today.
If it slides below the 5512 mark then all of yesterdays gains will be wiped out.
On the flip side the immediate resistances are at 5583 and 5648.
Our outlook is that the market although still weak may exhibit a bit more strength and so traders on the long side may continue with stop loss at 5512.