The market has spent enough time between the range of 5090 and 5150 levels; now the concrete range will get broke
only with the help of gap up or down opening.
In case the market opens up with a gap, then it will rally further but the expansion will remain limited. We mean to
say, it may rally to the next hurdle point which is at 5170 or maximum up to 5190 and from there, the market may
again come under profit taking mode. It will add more confusion in the mind of traders.
However, gap down opening below the level 5090 may continue the weakness minimum to the level 5040 and maximum
up to 4980. This will lead to clarity for traders to trade and might take the proper direction.
Any correction more than 2% and below 4% will be an opportunity to add some stocks to the current portfolio and
for traders the stop-loss will get trail to new higher low compared to 4800.
