US markets managed to close in the green after trading in the restricted range for most of the day.Asian markets are trading in a tight range.Nifty opened positive currently trading at 5152.Yesterday though towards end it managed to close at 5147 the last half an hour average brought it down to 5133.A close above 5147 is bullish.For today nifty spot trading above 5158 should take it to 5200 levels either today or next week.The trend is up,intra traders can have a stop loss of 5130 for longs.Today IIP data will be released,it should be good.That could be the trigger for the markets.
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