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Markets started the May contract on a flat note and ended the session near to their key support levels. Nifty future moved in the range of 5250-5150 last week. This consolidation is observed near to the upper band of downward channel on daily charts. If breakout of this range occurs on lower side of 5150 then it may slip towards deeper support of 5080. While, if it is able to trade consistently in the range of 5240-5290 then bullish sentiments may prevail further.
