Nifty is testing support near 5500 (from whee it bounced back on 10th Apr 13). Also 5535 is a level where support exists due to gap which was made on 14th Sept 2013. There is a strong resistance which nifty faces when it touches 5600-5610 band which is shown with red line.
Nifty is sideways unless and until it breaks either of these levels.
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