With derivatives expiry scheduled today, the markets are likely to swing in tune to the futures & options cues - which indicates that the markets are likely to settle on a firm note.
Technically, too the short-term trend of the market remains firm. However, clear picture would emerge on a move past 5,270 for the Nifty or the extent of correction in case any. As of now, the index is well placed above its short-term support zone of 5,050-5,100.
Today, the index may find support around 5,205-5,200-5,195, while face resistance around 5,245-5,250-5,255.