Nifty ends at another (last) channel resistance..

Prices have shown bullishness by closing above both 20sma & 200sma for two consecutive days. Two days of intra corrections have happened. Lagging indicator-macd is in buy mode while the leading indicator-Stochastics is in OB zone, though they can remain there for long time too. 5135-5160 is the next strong resistance and then 5200.
Today's high touched the last channel resistance - anything beyond 5100 will be a clear breakout.
Below chart was drawn 5 days ago. If it continues to follow it, Nifty should consolidate in 5165 to 4985 zone. The last rise from 4675 to 5400 has not been retraced in faster time, suggesting the fall to be of corrective kind.

No weakness in the tech. table, except that the monthly has closed for the first time below 5-ema which will bring the bulls out to defend it.
Monthly price charts present some bullish possibilities provided Nifty stays above 4935-4965.