I made a temporary exit at 5336, only to see nifty slide further till 5300. When price recovered, I went short again at 5320. Looks like the price 5250 is sure to be hit. But looking at GFZ for nifty in 30 mins, 5250 looks like a strong support! So I will look to exit at this price!
However in daily nifty chart, considering the SMA Envelope strategy (looks like bollinger band, but provides a GFZ zone in daily chart), the price is 5130. Lets see! However the upper band is set at 5750, so if there is a positive news, there could be a very good rise from here. Wait and Watch!