I think spot nifty made high at 5414 (5421 Spot is just a punch in the morning) Still Nifty in a consolidation mode expecting break out very shortly.
5460-5505 level are again a big Res. to watch out. I am not expecting any blow up rally from this level.
Pull back of 3 to 5 % is still due to sum up 200 point max. range till this expiry
5300-5500.