Indian markets are preparing for next move after post budget 3 days upmove and in this process Indian markets(Nifty) traded within narrow range (5050-5100) Yesterday. candlesticks of yesterday is showing bearish harami and bullish hammer patterns. Intraday charts are also showing mixed patterns therefore more preparation is required for Indian markets decisive moves and that will be seen in the coming sesions. All trends are up and global cues are also strong today morning therefore expected that Indian markets will consolidate and prepare for upmoves near 5100 and confirmation will arrive after Nifty sustaining of above it.

Asian markets are strong today morning therefore Nifty will open and trade first near 5100. As per my view more consolidation requires for next upmoves therefore today closing will be decided after watching first couple of hours intraday trading patterns.