Market is likely to trade in the range of 5,350 - 5,500:
``On Friday after a flat opening, our market witnessed buying interest and moved up towards 5,480 levels. But at higher levels in the absence of any positive trigger and follow up buying it could not sustained then closed around 5,450 levels. Market is likely to trade in a broader range of 5,350 to 5,500 levels, whereas any range breakout on either side may give further direction to the market. On downside if it falls below 5,400 levels then selling pressure may get intensify in the market towards 5,380-5,350 levels, which is next important support for the market. On upside if it sustains above 5,500 levels then only further up move may be seen in the market towards new zone. Our markets are tumbling from recent 30 months high levels with volumes so we are advising to be cautious in the market,`` said the broking house Anand Rathi.
``For today`s trade, Nifty is likely to trade in the range between 5,430 & 5,480 in the upper side and 5,360 & 5,330 in the lower side,`` said the broking house Indira Securities.