Another short-covering day on Friday, approaching area of strong resistance, 2640 to 2655.
Key Level for Monday is 2625.
-- Short-covering should continue above 2625 targeting resistance levels above.
-- Below 2625 implies it is in a pullabck / consolidation mode, with support at 2600.
Note that retail sales figures from Black Friday was worse than last year, hence may have a negative impact on the market going forward and fighting against the usually bullish period of the year --- the Santa Clause Rally from now to the end of the year.
