Nifty Future's projected high and low for TODAY session is 5073 and 4866 (use this projection with other indicators). Nifty Future will face immediate major support at 4991. If maintains above this zone likely to retest 5018-5049 in TODAY session. Cross-over and couple of closes above 5049 may even show short cover for 5174 again. If can not sustain above 4991 we may see sharp slide 4958-4935 for intraday. 4900 is the base that is created once again, so positional shorting should emerge only below that zone.
