Last week, the Indian market witnessed a stupendous rally. Sharetips expert says, it’s time to consolidate, but the bias is definitely positive. “If the Nifty holds on to the 4,920, which from the close is about 130 odd points, you are in for a decent rally. I would use the dips to buy.”
According to Sharetips expert, technology is going to take the mantle this week.
We said ‘technically some more profit booking is not ruled out and support exists at 4850’. The market opened flat and without losing ground and closed strongly positive for the day and the week. Technically now it looks up and the next logical target on the way is up to 5109-5177.
