Below is the technical chart of Nifty, using Ichimoku indicator.
Nifty is moving inside kumo – which is no trade zone. In the last trading session, it made a high of kumo, but could not cross it. Nifty got a high resistance at 5385-5401 range. It needs to CLOSE above these levels to go up further.
But looking at weekly chart, I still maintain the target of 5080 levels.