Market has been sold off again from the critical resistance zone after session of extreme volatility. Though technically it's still holding the 4800 zone, we can say correction is still in course on the upside. But the magnitude of volume with which it has fallen, the corrective uptrend may well be under threat.
Supports: 4800 is the key for this corrective up move to hold. Sustaining below that can bring sell off towards 4760-4730 again. 4730 will the very crucial place to look out. Further break down can bring 4640 and much lower levels lie 4450-4400 positionally.
Resistances: 4905/4910 is crucial. Above that 4950 will be the reversal for further targets towards 4990/95-5030-5080/85.
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