US markets gained in yesterdays trade hitting a new 52 week high.Asian markets are trading mixed.Nifty opened flat to positive and presently trading at 5238.From hereon the action will be stock specific rather than in nifty.Nifty has a strong resistence near 5300 the previous top made in January 2010.For momentum to gather nifty has to trade above 5260 for it to take towards 5300.The trend is clearly bullish,we might get ocassional dips intraday but the momentum is upward.For intraday traders can have a stop loss of 5225 in nifty.Stock specific action to continue.
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