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Markets erased the previous gains ahead of Reliance Q4 results. Nifty future continued to trade with flat to negative bias from the beginning of the session. Finally, it settled around the psychological level of 5300. But, on closing basis we expect some weakness in nifty and it may test the support level of 5250 surpassing which it may slip towards 5200. However, global strength may help nifty to lead towards 5350 while bullishness can be said only above strong resistance of 5410.
