Good strong move for a positive close on Friday .However Monday's followup action is critical for the momentum to continue..
Resistances expected at 5930 -5950 where some consolidation can happen.Strong moves above 5950 will push prices to next level of 6110 marked in daily chart.Time taken for consolidation near 5950 will give clues about breakout or breakdown towards earlier lows.
15 min chart 10.12.10Daily Chart 10.12.10
Long positions taken today at breakout of 50 sma in 15 min chart. Target 1 @ 5930 -5950 levels.