If Nifty sustains below 5140, then it could test 5085 and below that level it could test 5000.
Instead, if Nifty trades above 5140, then it could test 5160.
Instead, if Nifty trades above 5140, then it could test 5160.
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 5110.