If Nifty sustains below 5035, then it could test 4980.
Instead, if Nifty trades above 5035, then it could test 5100.
Instead, if Nifty trades above 5035, then it could test 5100.
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 4600. Instead, if it trades above 4950, then it is likely to test 5200.