Chart shown above is a Nifty 1minute chart with Nifty GANN Fan Indicator. From the chart you could observed that the recent support zone 5240 got broken and the next immediate support available near at 5060. Similarly there is a Ichimoku cloud breakdown in Daily Charts also. Its better to avoid long completely as 5240-5250 zone could be a shorter term resistance zone in comming sessions
Above Chart shows the zommed part of the shorter term GANN Charts with immediate supports around 5200. Failure to hold 5200 means it could target the next support zone of 5025 zone. Shorts are recommended only below 5200 on EOD basis until then its recommended to stay with your longs.
Supports for Nifty around 5120-5130(Approx). Short Nifty only if nifty dips below this zone for a short term target of 5010. Until then be with your longs