US markets ended higher on friday led by better than expected employment data.Nifty opened with a gap up as the entire asia was trading higher.The bias is still positive.But it is more of cautious optimisim from here on as we have risen about 6% since budget day and it has been one way up.For today watch the level of 5128 on spot currently nifty is at 5136.If it starts trading below 5128 then it is advisable to lighten positions for intraday.For positional as far as it closes above 5093 the trend is up.On higher side watch the level of 5148 above which the bullishness will be further strengthned.
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