Bulls pushed markets further and also showed strong strength to close above the key level of 5050. Bears doesnt seem to get a chance at all to pull the markets down and the way bulls are showing strength without a strong consolidation is also vulnerable for a strong correction anytime.
The volumes have been muted for each rise in the past few days. Markets straight away dashed into the overbought territory from oversold. All this points to the fact that it is a 'cat on the wall' situation and the best would be to stay out of the markets, till this settles.
Resistance levels : 5074, 5111
Support levels : 5011, 4980
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