With Greece problem resolved & nifty crossing 5400 we see positive opening.In fact nifty on the 6month high & pouring FII flow, will just brush aside all the scepticm & pave the way for the northward journey.This will coerce the conservative participant & funds to join the band wagon.We reiterate our yesterday’s view in short nifty is writing on wall whatever may come & happen, it is meant to move up only.For the day we see 5380-5480 as the trading range, breach below 5380 will head for 5320-5340(low probability)& cross above 5480 will lead to 5540-5560(high probability).

                    Bank nifty has been mercurial & high beta index compared to nifty as usual. For the day we see 10400-10800 as trading range with 11300-11400 as resistance & 10200-10300 as support.       

         We recommend a buy on DELTACORP at 82 with the stop of 79.00 for the target of 87.00 & 94.00 in 5 working days.

We recommend a BUY on APIL around 380 with the stop of 372 for the target of 420 & above in next 5 days.