One should be cautious and should wait 5,400 to be crossed:
``Index futures in the last three trading session of the week indicates one should be cautious in the market and should wait 5,400 level to be crossed on the closing basis for building aggressive long positions,`` said broking firm Anagram giving its outlook on derivative trend.
``Hence traders are advised to remain cautious and may go long above these levels however volumes should be on lighter side. On the flip side any drift below 4,850 may further dampens the traders` sentiment and we might see 4,800 in the late trade where technical pull back can`t be rule out. In Bank Nifty, we might see some new highs near to 9,000 in upcoming session where possibility of consolidation can`t be rule out,`` it added.