Weekly Outlook: Positive trend to continue

``The Nifty day chart shows consecutive tops which signals for the positive trend to continue for the forthcoming sessions. The momentum is seen strong thereby supporting the positive trend. If Nifty is able to break and sustain 5,335 levels supported by good volume, then the next levels would be 5,388-5,400 levels in near term. On downside immediate support is seen at 5,250 levels and break of it would test 5,190 levels in near term, `` said Aditya Birla Money, for the upcoming week`s outlook.

``Beginning of the week the market tumbled on account of Goldman Sachs sues. But the market was able to snap the previous losses supported by in line with expected RBI`s monetary policy. RBI raised key policy rates and CRR by 25 bps each. Moreover firm global market and IMF announcement of India`s growth at 8.50% for the calendar 2011 boosted the sentiments. The banking stocks were among the major gainers of the week on account of announcement of government recapitalization of PSU banks. Further the surprise bonus issue from Wipro supported the market. Overall the market health remained strong by the end of the week. The food price index rose 17.65% in the year to 10 April 2010,`` it said for the past week`s performance.