Market view :Gap up

The market is likely to open on a buoyant note on positive global cues and a gap up opening cannot be ruled out. They may then chart their own course as the day progresses. Volatility may remain high so make the best of it. Intraday, resistance in rallies is at 4454-4560 and 4616 points. Pivot is at 4477 points with crucial support placed at 4405 points,