As the close is above 4520 one may expect rally to continue.....but we are in 13 th week of this current rally and there wqere 4 positive sessions ..this is the only factor we have to considere....For today 4545 is important point...then 4640....on lower side 4515/4490...
strategy...
1) If gap up and near 4630/4640 go short with sl 4665 as .....for tgt of 4580/4545/4515....
2) If gap up and near 4580 go short with sl 4630..for tgt of 4545/4515....
3) If gap up and not crossing 4580 in first an hour then weakness will start hereafter in ongoing rally.....then one may set deep targets for shorts with 4630 as final sl as a positional...
4) If gap up and 4580++and didnot sustains above 4600 and touch 4545 on lower side then go long with 4515 as sl for tgt of 4630 (intra 4585)...
5) If flat opening and 4529++ then go long with 4515 sl...
6)On lower side 4515 and on higher side 4580 are trend decider...
good luck!
