Yesterday saw significant correction and engulfed the whole of the bull move made on friday and the preceeding two sessions. For the uptrend to continue, we are looking at a healthy correction and markets should correct till 4605, 4567 levels soon.
A break of 4718 levels in short term now will be bullish, but if that move happens without the retest of 4567 levels, then it could be dangerous and collapse heavily later under its own weight.
As of now again a clear trend is not getting established and it also looks like a consolidation between 4600 and 4700 levels.
4674 and 4696 should offer stiff resistance for the day and market is not expected to shoot up beyond 4696.
Resistance levels : 4674, 4696, 4718
Support levels : 4636, 4605, 4567
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