AS mentioned 2 days back,,4534 was very crucial level for me,,as one can see the chart,,its very clear that 4534 worked nicely as supports first and as resistance yesterday and even today,
but finally in the last hour ,it was breached with good volumes.
a few days back ,i had posted a 1 min nifty chart, and written about what we can expect, after a steep rise ,we had seen from 3916 around.
I expected an accumulation phase, before reaching atleast 4700 first. looking at todays move ,
i think we are on the verge of achieving that target very soon.