As we have seen a strong move on Nifty yesterday after RBI's credit policy announcements and due to the supportive global cues from Europe and US, Nifty has comfortably taken off 5300 level.

As the up move is getting near to 5400, we might see a profit taking and there might not be enough strength that help markets to take off that level in April expiry. We maintain our view that strong buy signal may arise only after 5400 has been taken off and until then trade the nifty in the range of 5200-5400.