Nifty is in broading wedge formation and is at the channel resistance of 5100 and seems that it has minimum tgt of 5180 levels also as 5100 is resistance and as mkts are highly overbought now it can correct till 4980 - 4950 levels which is down channel support and if this channel support is breached on closing it can drifty further to 4808 which shall act as strong support and as mkt are overbought correction is on card may be monday gap up opening and later 2 to 3 days selling can be seen till 4980 -4950 levels
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