US markets closed on a positive note on Friday.Many Asian markets are closed today,in Japan stocks advanced but are off the highs.Nifty opened higher on global support presently trading at 5319.There is a strong resistence at 5330 levels,today infact it made a high of 5330 and has retraced.If nifty sustains above 5330 levels and closes above that then nifty is headed higher.On the other side if it is unable to cross 5330 then traders have to be carefull with long positions.
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