Nifty traded last three days most of the time within 5100-5140 and this range break out will give strong move to Indian markets. Only Intraday charts analysis have power to tell in advance the side of break out and taking position for that side in advance will give real profits. Last 3 days analysis is suggesing upside break out possibilities but yesterday US marets intraday charts are showing selling formations also and all the global markets are flat and prepared to blow up therefore cautious approach is must because signals are completely mixed.

Firstly trading within 5100-5140 will be seen and its break out and sustaining beyond will give confirmation. As intraday charts of Indian markets are showing consolidation formations therefore view is positive but I am cautious and trading is advised after complete confirmations