Be Cautious

Last week I said you should go long,but in between many negative news propped in.First and the foremost is the global concern of increasing crude oil price and second but not least is our domestic concern i.e" inflation" which in turn is causing a set back for our market. So after taking all this into account I will suggest you to be cautious.On downside NIFTY should not break 4900 level or else you can see a level of 4865.And also on upside it should cross a level of 5000.So right now market is negatively biased,so I wont recommend to buy at this juncture.Wait and Watch.