Nifty along with other major indices on a cautious path

Global Indices are now on the path of completing a pull back which had started after couple of days of good correction. To establish the path of a bullish wave in Indian Stock Markets, we have to see a closing above 5450 which would then make us extend the entire movement towards 5900. For today, Nifty Future will have supports at 5375 and 5350 and resistance at 5400 and 5420. If we break either levels on the upside or downside, we shall get a better movement in the day.