Market may remain bullish

Hold on to long positions
The market will remain bullish in the short term with more choppy sessions. Based on the above rationale, the Nifty is expected to continue its upward momentum with or without early consolidation. The 4399-4448 may act as a tough resistance zone . Once this zone gets cleared, the medium term view will get a fresh upward momentum. This view will get negated if the Nifty makes any weekly closing below 4246. For this week, the Nifty has resistance at 4399-4448 (tough for short as well as medium term), 4499, 4515 (on a weekly closing basis), 4563 and 4650 (very strong for medium term).The Nifty has support at 4350, 4315-4326, 4269 (strong for intra week), 4201, 4248, 4179-4202 (strong for short term), 3920 (strong for medium term).