Friday was the perfect day of consolidation for the bulls after the huge run-up the day before. The market bounced from close to MA(200), which is the immediate support level with 1300 being the next resistance level.
A few more sessions of consolidation or even a pullback would do the bulls no harm here. Let me rephrase that by saying that a few days of consolidation or a pullback is actually what is required now considering the overbought conditions the market currently finds itself (I will try and do a post on that later in the day). No harm done in either case as long as 1260 holds. So, the following are the important levels for next week:
Support: MA(200), 1260
Take care and good luck!