If Nifty sustains below 5070, then it could test 4980 and below that level it could test 4930.
Instead, if Nifty trades above 5070, then it could test 5110.
Instead, if Nifty trades above 5070, then it could test 5110.
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 4730. Instead, if it trades above 4950, then it is likely to test 5070.