The line charts however, show a clear higher bottom higher top formation having closed above the earlier top of 5142. Support taken exactly on the blue dashed uptrendline. Till this uptrendline is violated, Nifty will be making upmoves. I have not removed the target of 3850 from the charts as it would be wise to wait till the candle charts too show a breakout above 5182.
Daily Line Chart
Half hourly chart shows bullish breakout from consolidation and EMA's once again bullishly aligned
Half Hourly Chart
Trade long with a stop loss at 5050.
Happy Trading !!