NIFTY might stage a recovery and only a break/close below 5048 will take NIFTY into much lower levels. Till such time avoid fresh shorts.
Support for the day 5063 - 5083 - 5098
Resistance for the day 5116 - 5128.60 - 5133
If the expected recovery takes place, then NIFTY might face a hurdle at around 5165-5175 mark.