STRUGGLING FOR BREAK OUT

Inspite of weak Asia, Indian markets have been able to keep their bullishness. Nifty has made a 'Head & shoulder' pattern for target of 5265 as long as 5084 holds. Today's pivot is NF 5122 with target 5148 and resistance 5167... break out over 5167 for 5206-5228. Support below lies around 5110-5091.