NIFTY on a gap up will open around 4630, which is a very important level.
we need to see a closing above this levels of 4630 to sustain further upmove.
nifty has good resistence arnd 4640-60 levels, and if it can cross this level, nifty can go on to hit 4710 for intraday.
for any positional view, keep an eye on 4630 levels, it will be the key for further moves in the market.
if we close below 4630, we will have to watch tuesday's market, and in case tuesday is weak, positional shorts can be taken with SL of 4630 on closing basis
