With mildly positive global cues & SGX nifty pointing for the gap up opening, we see flat to psitive opening.We are bullish on market but not overtly  & do see any time correction setting in.However the correction is expected to be shallow,momentary & deceptive which even hard core professional may find difficult to deal with.For the day we see 5320-5400 as the trading range, breach below 5320 will head for 5260-5280 & cross above 5400 will lead to 5460-5480.

Bank nifty has been mercurial & high beta index compared to nifty as usual. For the day we see 10175-10450 as trading range with 10600-10700 as resistance & 9900-10000 as support.       

We recommend a buy on RPOWER at 98.50 with the stop of 95 for the target of 115 in next 15 working days.

We recommend a SELL on IDBI around 107 with the stop of 109 for the target of 98 in next 5 days.