Half Hourly Chart
Scaling 5080 seemed a cakewalk. but volumes were very low. half hourly charts show the Nifty is in uptrend till a lower high lower low is established. On daily charts we need to scale 5182. 5120 may prove strong resistance.All levels marked on charts. Targets 5145-5172-5182. Keep stops on longs as per your risk taking capacity.
Daily Line Chart
4989 as shown on Line chart should be a good stop loss on closing basis.
Happy Trading !!