Nifty weekly closing is done below its pivot point 5091.
If Nifty is staying above then first target is 5116 and second target is 5141. After rise if Nifty unable to stay above 5116 then short can be initiated at 5112 with stop 5120.
If Nifty is staying below 5084 then first target is 5060 and second target is 5040. After fall, if Nifty stays above 5060 then long can be initiated at 5066 with stop 5060.
No short should be done when Nifty will be above 5123.
Best of luck.
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