Nifty witnessed the upside consolidation phase today. Overall it was high volatile sessions due to f&o expiry. Technically nifty still holding it's up trend & maintaining the upward rising channel on long time frame charts. In the downside it is getting the strong short term support close to the level of 5350. We recommend that traders may go for buy on dips in Nifty future for the targets of 5450, 5500 in near run.