Now 5000 has been base point for Nifty. Stay above 5024 can lead to 5068 and next 5093. If unable to stay above 5068 then short can be initiated at 5052 with stop 5070.
Stay below 5008 Nifty may roll down to 4965 and further 4905. if stay above 4970 then long can be initiated at 4980 with stop 4965.
Best of luck
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