The daily charts show resistance at 5018 levels. Crossing this will take it to 5140 -5145 which is the target of the inverted head and shoulder pattern mentioned in earlier posts.This coincides with the resistance at 5140 from down trendline from January highs.Among the oscillators the daily macd is in buy, Rsi14 is moving up above the 50 line and stochastics is in overbought region.
Only a break above 5182 or below 4538 can decide further direction. So one should trade in the direction of the short term trend which is up and trade with caution till the high of 5182 is taken out..Holding the 4900 levels are once again crucial for the upmove to continue.
Happy Trading !!