Markets opened the session on a positive note and were able to maintain on higher side despite of weak manufacturing PMI while closed on stronger side. Nifty future found intraday resistance around 5525 surpassing which it headed towards the next resistance of 5570. On daily charts nifty has closed above the upper band of downward channel pattern indicating short term bulls where 5600-5640 will act as resistance range and 5450 is seen as major support for it.
