Markets opened on a strong note, but succumbed to the selling pressure on friday and closed at a new low.
It looks like markets is getting into extremely oversold territory and might give a bounce to 4950 levels anytime in the near term.
There has been build up more on the call side and so markets might test further lows also before giving the expected bounce.
Resistance levels : 4741, 4772, 4796
Support levels : 4685, 4657, 4644
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