US markets closed 70 points higher attempting to regain 11,000 yet again.Asian markets are trading up led by metals.In India markets opened flat to positive but later slided down because of the news of sebi ban on Ulips.Presently nifty spot is trading at 5350.A close below 5345 is very negative, the present uptrend could come to a halt.So remain extremely cautious on long positions.Avoid agressive longs.Looks like market is set to top anytime or already a top is bieng made at 5400.Traders can go short in nifty future with strict stop loss of 5380 on spot.
