Nifty's range trading continues..

Nifty rallied up in the first session and fell in the afternoon session.
If unable to move past 5125-5135, it might break below 5080
and head lower (to either 5015 or 4970) as suggested in the
hourly chart with its negative divergences.

It is possible Nifty might trade sideways in the first session & break down in a big way in the afternoon session. 5145-5157 becomes a critical resistances.

Only a daily close above "Day High Ema" will lead to a big break out. This table presents the "corrective down" heading to 5060-5040 area, failing which to 5000-4980..