Weekly chart has broken the Pink Intermediate DOWN channel resistance at 5110. Previously there was a ST UP channel (Blue) in work which will resist at 5240 - 5280 - 5320. Strong global cues might push upside even to the extent of 5410 - 5450.
Support at Pink Intermediate DOWN channel at 5065 - 5110. LT UP Channel support at 4980 - 5020.
Daily Analysis:
Daily chart shows Intermediate UP channel resistance at 5160 - 5120. LT UP Channel resistance 5360 - 5400. LT UP Channel support at 5040 - 5080.
Hourly Analysis:
Hourly chart offers immediate LT UP channel at 5190 - 5200. Intermediate UP Channel support at 5050 - 5060. Breaking which it will support LT UP Channel 4980 - 4990.
Summary:
All views indicate upside movement has larger possibility than downside.
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