Atlast the break out happens on the upper side,having broken the 5147 level decisively nifty managed to cross the 5200 mark.The trend is now clearly on the upper side.A close above 5209 will add to the strength.Major averages in US finished firmly in the positive territory in yesterdays trade after fed decided to keep the interest rates unchanged and renewed its pledge to keep it low for an extended period.Most asian markets are trading with a positive bias.Intraday traders can have a stop loss of 5220 for intra longs in nifty.Stock specific action will keep happening as the main trend is bullish and i will be updating it on my tweets.
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