If Nifty sustains below 5290, then it could test 5250 and below that level it could test 5170.
Instead, if Nifty trades above 5290, then it could test 5350.
Instead, if Nifty trades above 5290, then it could test 5350.
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 5450.