Intra Update: Nifty at 5015

The market this morning has been quick and played out to Viren's levels on Saturday published here

At 1.04 pm we are at 5015 and are seeing 5010-5020 acting as resistance to the move up from 4962 .

There are two posssiblities at play here. Here's the profile chart. This is the time value chart of the Nifty spot for the last 2 days.

5010-5020 is crucial now. Above 5022 we can safely go up to 5080-5092.

However failure to overcome will bring 4962 again later today.

I'm booking out of my longs taken at 4966 here at 5015 and will trade later as per the above possibilities.