Nifty Trend over the month July

Nifty is moving above 5350 level, Next target would be 5400 5450. Is this would be next new high or it will come down before that.

Next trigger point for market would be Monsoon , Quarter result and global cues. We had a good monsoon expected so far , Quarter results are also seems ok so only final risk factor would be global cues.

Now we can see if global factor really make some jerk. US dow is already bounce back from 9600,but how long this short term rally sustain that need to be check.

Dow is in bear mode and expected to be 8500. In that nifty may also take a jerk toward 5000. This would be key support level.