Dow Jones Industrial average closed 46 points up.Most of the asian markets are flat,but Japan stocks head lower amid profit booking.Nifty opened on a positive note,but presently trading flat at 5369.For bullish momentum to continue nifty has to trade above 5380, a closing above this level will further strengthen the momentum.There seems to be a consolidation happening at present levels.May be sideways movement for couple of days then the next move should start.For Intraday if Nifty spot starts trading below 5350 then weakness could persist.
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