If Nifty sustains below 5000, then it could test 4950 and below that level it could test 4880.
Instead, if Nifty trades above 5000, then it could test 5050 and above that level it coud test 5080.
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.