Nifty next week...Free fall or flat trade

Last week Nifty closed in the negative losing 63 points. Nifty is now sweetly poised on the edge of a new bear phase. Right now Nifty faces multiple resistances in the 5120-5200. The probability of Nifty trading convincingly above 5200 in the near futures looks remote to me. I would use every level on the upside to exit long positions or open fresh short positions. Fresh short position with a stop loss at 5230 would be a safe bet, in case nifty rises in the coming week. On the downside, Nifty has little support till 5000 and below that 4900 is quickly possible. To me probability of Nifty going down from current levels looks high as compared to it going up. The markets is however supreme and stop loss is the only insurance for any position.
Trade carefully!