market rallied today also beat the 20 DMA, so what is your call on Monday morning, will we see 4700 levels being taken out or one should have sold this evening before close?

The 20 DMA is at 4398

Yes, the close is more than the 20 DMA, that too after two failed attempts to cross that market has given a breakout. In any case, a close above 4450, the most crucial level that we have been discussing for more than 15 days, is required for the bullish trend to continue.

Another important thing is that friday's close is so planned that, both bulls and bears have equal hope. Though there was a breakout, bears were still not threatened enough to cover their shorts and bulls are hopeful of the big up move. So from this stage it is going to be a great victory for either one of the party and 4450 level will decide the same.