The expected bounce happened yesterday and Nifty also closed almost at the level of 4117.
Will this move intensify today and reach 4222 levels mentioned earlier?
It looks so, but then we need to be cautious also, as today everyone would be looking for an upmove rather than a strong correction.
The 4045 level mentioned has provided a strong support and yesterday nifty did not slip below that. If that is broken today, then weakness will set in.
Resistance levels : 4140, 4165, 4202, 4222
Support levels : 4085, 4045
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