The markets ended flat amid a range bound trading session on
Wednesday. The Sensex advanced 34.45 points to close at 17,392.39
after moving in a 150-point range between a low of 17,371.93 and a
high of 17,522.80. The Nifty advanced 10.30 points to shut shop
exactly at 5,300 after trading in a 50-point range between a low of
5,293.45 and a high of 5,342.

Nifty is at 5300. Technically the market looks positive and should be
traded on the long side as long as 5240 holds for a logical target of
5340-5375. The market unfolded as expected and climbed to our target
zone and got.....

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