On Wednesday, the markets gained moderately, the Nifty closed above 5147 and sensex above 17,000. A slight decline in US stocks was witnessed yesterday. For Today, markets are expected to trade in the range between 5,175 - 5,205 in the upper side and 5,125 - 5065 in the lower side. If Nifty trades above 5,147 levels, then rally towards 5,200/5,245/5,300 could be seen. If Nifty does not show strength above 5,147 levels then selling pressure till 5,100/5,065/5,000 could also be seen. Traders are advised to trade long in Nifty above 5,215 levels else from 5,200 levels for targets of 5,245 and 5,275 levels with a strict stop loss placed at 5,165 levels.
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