Dow Jones Industrial average fell 50 points to close at 10,856.Asia opens on positive note backed by Bank of Japans quarterly Tankan survey of business sentiment released showed significantly less pessimism amoung the nations biggest firms,even as obstacles to recovery remained.Nifty opened with gap up following the asian peers,presently trading at 5276.The range for nifty remains same ,bullish above 5330 and bearish below 5242.Nifty for last 3 days has been moving within tht range.Either side break out will give direction to the trend.The chances of lower end bieng broken are high.Since we have a time cycle date coming on April 7th,we are some where close to a top or top is already made.For intraday the range is very small , break of 5270 will indicate weakness,and strength above 5290.
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