Nifty closed on friday at 5826
Sensex closed on friday at 19420

 Technically the market has come out of a trading range and so you may see some up move in the days to come. Also now heading into an F&O expiry week and so an up move with volatility is not ruled out. From a trading point of view I buy as long as 5500 holds’

The market unfolded as expected and has closed positive in the green. Technically the market has had a good run and is ripe for a pause or a reaction. Technically the market is also against a stiff resistance of 5879 and so I would be a bit cautious here though there is no sign of weakness as yet. Technically the if the market stays above 5879 then the next logical target is 5956.

From a trading point of view I would prefer to book profits or stay long as along as 5775 holds.