I am in the midst of a power cut due to the cyclone in kolkata so will give a brief write only.
Today's trading was sideways within a seventy point range ending the day in a doji . The supports held well, the consolidation pattern got an upward break and a retest of the trendline from which it broke out . The correction of the last rise from 3534 has corrected almost 38.2% and shows signs of resumption of the uptrend by making a higher high and higher low today after 3 days of lower high and lower lows.
Among the daily oscillators only the stochastic is moving down . RSI is still in the overbought territory but has not moved down. Macd is moving higher . The intra day oscillators have started moving up and are showing strength .
Weakness will be seen only after break of the midline of the channel which has supports at 4186-4212 for tomorow.
Happy Trading !!