I have plotted Fib confluence now when mkt makes new highs. The resistances are marked on the chart. The confluence zones are marked with an arrow. the current zone 48040 is a confluence and hence the tentativeness. Look at the volume on the high candle its huge, hence the Index can get sideways. The correction will become a bit more if the Index trades below 47900. The trend remains strong and hence will advice to buy the dips. Am looking at 49K and 50500 above the current resistance.