US markets had a flat closing as cautious statements by Fed offset positive cues from the upbeat economic data on employment and services.Asian markets to trading flat to positive.Nifty opened flat to negative,as we have risen for three consecative days nifty might consolidate before moving up again.Nifty has to trade above 5088 for uptrend to continue, a close above 5092 will indicate further strength.Presently nifty trading at 5071.Spot Nifty trading below 5072 will indicate weakness for the day.The main trend continues to be bullish.
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