Nifty made a low of 4834 high of 4898 and closed at 4866 which is 34 points up from previous close.
Nifty has closed above the 50 DMA for the week which is good as of now but it has to be maintained for the coming week also.
Until holding the region of 4780-4800 the bullishness will be there and it can take the Nifty further to 4920 and 5000.
On going below 4780 it can take the Nifty to 4690 and 4647.
As of now the tone is positive and on crossing 4920 it can reach 5000.
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