Blasting global cues,huge gap up and whole day trading above 05-08-2011 gap highest(5323) are the main features of today. Nifty is closing above 200-Day EMA and Long term trend is turning up as well as today intra day charts are also suggesting consolidations patterns therefore new phase of up moves is expected from coming sessions.
As minor selling indications at higher levels between 5350-5265 therefore on confirmation is required through sustaining above 5365.