It was a series marked by a non-stop bull run for the past six days and a new series is starting today.
The undertone that is set is obviously bullish, but then the market has to cool off a bit before continuing if this has to be healthy.
A retracement till 4605, 4561 levels is expected anytime soon for the next up leg to begin and the max that this can run up is till 4865, 4930 levels.
In any case, it is prudent to wait for a few days to see how this series spans out before taking any step further.
Resistance levels : 4718, 4735, 4765
Support levels : 4664, 4636, 4605
Happy Trading
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