NIFTY's short term and medium term trend remain downwards.

The Nifty opened in the negative continuing with yesterday’s fall. Weak global cues did not help matters.
The Nifty has broken down from the rising wedge, which is a bearish pattern.
On the lower side, 4920 and 4860 are the supports. So, as long as we do not close above 5050 convincingly, the short-term and medium-term trends remain down.