If Nifty sustains below 4845, then it could test 4770 and below that level it could test 4700.
Instead, if Nifty trades above 4845, then it could test 4885 and above that level it coud test 4930.
Short term Technical View of Nifty
For the short term, the level 4950 is crucial. If it sustains below this level, then it is likely to test 4400. Instead, if it trades above 4950, then it is likely to test 5050.

