Watch Nifty Rising Wedge in Line Chart Overview

1) Around 5150 nifty has to face resistance. More buying only above this trend line.
2) One hour candle at least should close above this trend line.
3) The index may move above that to 5180 but it may frustrate the bulls before doing that.

Watch Nifty Intraday Update

There is some negative divergence in 5- minute as well as in Hourly too. Caution @ 5160-5200 band or on a close below "Day High ema".As mentioned in the comments section, larger trend remains up.(Day - up; week: most likely to turn up with today's close above 5077)