Last week Nifty opened(5165) just below the Gann Number 5166 and made low(4973) of hitting the Gann Number 4986. On Friday 5 mins chart Nifty made double bottom at 4990.
As this week being current month expiry we will see volatile movements. I personally feel Nifty wont break last Friday low (4973) and expecting Nifty to expire this week around 5150-5165 range anything above this level is bonus :)
This week important Support and resistance: 4986, 5031, 5044, 5050, 5062, 5084, 5098, 5116, 5153, 5160, 5164.
[12.39] Nifty has broken 4973, which was a false breakout and now its shooting up :)
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