WATCH 4676 :: IF COMES !!!

As shown on sensex===nifty charts yesterday, the weekly channel that i was presenting here since,almost a month..was broken on nifty but was nicely held on sensex chart.

DO, remember that these are weekly charts, so the clear indication will be on friday.till than, its working as supports. and the 4833 level was broken on tuesdays panic, but recaptured quickly at wednesdays open.

so, expect a sideways phase, with mild positive bias (which can easily prove tobe a sideways distribution, instead of consolidation)...from extremely oversold daily--weekly charts.

5023 and 5146, two are major lvls to watch, as of now, if upside gathers any momentum.