Nifty analysis!!

Weekly chart.
Weekly chart is yet showing a positive trend in the market.
The resistance trendline can be seen at descending trendline which is near 5480 now.
support near 55SMA 5180 can be seen on weekly basis.
closing below 5180 can turn the trend negative.
MACD and ROC are still indicating positive trend so there is hope for some more
positive movement in the market.
the chart have seen a inverted hammer formation on the last week.... and this gives a sign positive
movement.

hourly chart
let understand the game of resistance support and gap..
market on 28 june opened with a gap and above the resistance of 5190...
the rally continued till 5350...
on 11 july the market opened with a gap below the support level of 5300.
now for past two day market is taking support at 5220.
the gap is generally needs to be fill before continuing any trend.
If market move positive from this level and again touch the high of 5350 then
the downside risk will be opened as the gap of 5160-5190 is still open.
And if market fill the gap of 5160-5190 first then upside move can be seen before the
down trend as gap of 5260-5300 need to be filled.
let c where the market move and how the game of resistance.. support and gap
turn out to be.