As said 4935 protected on closing basis on friday...but weekly close is not positive ... trendline from 3900 low in Aug has been broken...I said 4840 first or 5240???...if 4935 protected and decesively crossed 5005 in current week then last weeks action we might label as consolidation....and if 4900, a psychological level is not protected be ready for 4840 first...
For Monday i suggest..
BIAS--- POSITIVE...
RANGE--4920...4960....4980....5003
ENTRY LEVEL 4920/30......4980
1) Go long in nifty @ 4930/4920...sl 4900....tgt 4960/5005
