US markets closed with modest gains on thin volumes on lack of any economic data.Most asian markets are trading flat.Nifty too opened flat near yesterdays close.Presently nifty spot is trading at 5116.If it starts trading above 5121 then it might try to test the 5147 levels which it has to cross and close above for the upward momentum to continue.On the lower side watch out for 5092 levels, if it starts trading below this level reduce long positions.If nifty spot closes below 5092 today then the present uptrend is threatened.So watch out for this important level today.
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