Yet, novices keep looking for simpleton answers. The right answer is 'yourguess is as good as mine'! Anyway, let us take a look.

The index has already risen to a level, where resistance can now beexpected. But should market players make an attmept to pull values up in adetermined effort, they have a good chance of pulling up another 100-150points.

But more seriously operation wise, you should be on the look-out forprofit-booking. Yesterday I said book profit on rise. Today the market hasrisen smartly. The Sensex could now come up with a resistance at the 4756level. In fact, it could be reaction right at opening. That is definitely atechnical possibility. But then operators are always smart enough to leadthe mass as the piper does. He can open values higher, just for the heck ofit. And see how many follow through. Well just be on the look out for thisgame. But let us also make some room for FIIs. They are known to go in forbouts of buying unmindful of price levels. The volumes should give you aclue. Should that happen the Sensex can rise to 4935, before reaction setsin.

Should the market react consider re-entering at 4624 for the day. Keep astop loss below 4555 levels. It will be the most tricky week-end. If thebull surge continues and reaches closer to 4935, the prospect of Mondayopening on a bear note will stare you in face. Moral of the story. Do not begreedy. Take part of your profit and have a nice week-end.