The market has opened a window of a sideways correction, however looking at stock specific activity, we don't think
that it will last more. It should correct in the near-term to support the base of 5250/5230 levels. However, it seems
that the correction will remain short lived. For the day, the level of 5350 and 5335 will act as a major support for the
market. Sustenance of the market below 5350 and dismissal of 5335 may lead to further weakness to the levels 5290
or 5270.
As the market failed to surpass 5385 in the second half, we may use it as an immediate hurdle for the market. In case
the market crosses the level of 5385 in the second half of the trading session, then the chances of hitting 5415 or 5440
will increase substantially
