Being cautiously bullish paid off. However 5138-5182 still needs to be crossed .
Half Hourly Chart
Daily Line chart shows successful crossing of 5108. Next targets on closing basis are 5142-5228
Daily Line Chart
Nifty has managed to successfully stay above the neckline of the inverse head and shoulders shown in green.A breakout above the neckline and then a successful test in textbook fashion. Thus only a move below 4650-4560 will be bearish. Obv chart shown yesterday supports this bullish view.
Happy Trading !!