If Nifty sustains below 5240, then it could test 5220 and below that level it could test 5170.
Instead, if Nifty trades above 5240, then it could test 5300.
Instead, if Nifty trades above 5240, then it could test 5300.
Short term Technical View of Nifty
For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.