After 15 days of battle with my broken down net connection it got resolved and I am able to get back to you guys. A big apology to all my readers irrespective of missing my posts or not.
Nifty is in corrective mode after hitting the upper wall of the up trending channel. 5315-5375 is the range before any larger break out.
Supports: As discussed 5315/20 is the immediate support for the range being played out for now. Below that a fresh breakdown can bring 5280. Positional targets 5280-5220 below that.
Resistance: 5355 is immediate. Above that it can show a little strength for 5375. Breakout above 5375 can bring 5395-5415-5440/50 which will play out as bigger resistance zone.