Nifty preopening Mar 13

US managed to close positive on fourth session. This may give Nifty a positive opening. However 5400 may prove very strong resistance for any upmove.

5395 to 5400 may be used for selling as it is near to 78.6% retrenchment from 4529  to 5630
VIX is resting on 200 SMA which may spic anytime soon.