With positive movement on Thursday, market has developed a base for further upward momentum.
For the week ahead, critical short term trend deciding level shall be 4844. Below this, Nifty can further weaken upto 4674 & 4570.
However, above 4844 Nifty can accelerate to 4917, 5024 and 5067.
Short position traders can keep stop loss of 4930 whereas, long position traders can observe a stop loss of 4790.
Have a great week ahead..
Happy Investing....
