Following line was told in today Either Uptrend Survival at 5171 or Repetition of 2008:-
Yesterday trading range(5125-5185) is trend decider
Nifty is trading between 5130-5167 for the last 2 hours. Selling at higher level and buying at lower levels seen yesterday but intra day indications are mixed today. Market require complete preparation for deciding fate of 5171 and that is being decided between 5125-5185. Mentioned range break out and sustaining beyond will be strong indication of 5171 breaking down or survival.
Firstly next moves first indication will be break out of today range(5130-5167) and final confirmation will be sustaining beyond yesterday range(5125-5185). As intra day patterns are suggesting selling therefore breaking down possibilities are higher.