Technical outlook for the day
Technically speaking the outlook for the markets today is that of caution as the bulls need to hold the Nifty above the 5220 mark consistently. The overseas cues may drag on the sentiments.
The coming session is likely to withness a range of 5255 on advances, above which the 5285 is likely. Support maybe seen at the 5180 levels, below which the 5160 maybe seen. The bullish pivot for the session is likely at the 5220 levels and the bearish pivot at the 5270 levels.