A close above 4900 will give targets of 5150 on the Nifty. If this comes about, we will be seeing an intermediate up trend. Momentum will be on the side of buyers. All of this is scenario building, but such scenarios help in making trading plans.
What can go wrong? The nifty rally may stall around 5000, where we have significant resistance. Or, tomorrow may be a one off rally day, after which the market could retreat back inside a trading zone.
How do you trade this big gap up expected tomorrow? I request readers to give their views thriugh comments. Sharing helps everyone.