Nifty took support at its earlier resistance in last session. Please take a look.
A pullback at this level was completed. Now 2nd time at this level bounce probably will not be that high.
Please see the 5 min chart.
Nifty made higher low which is a very bullish pattern. On next session if there is gap up above 5246 range
then it will become Support, as Right now it is at Resistance stage. Change of polarity will apply.
Please Atr of Nifty also.
Atr of Nifty is almost 60 points.
Therefore breaking of 5246 minimum 5300 will come and all gap in between will be squeezed up.
Please see 1 hr chart of Nifty with 5300 target range.
Hence, we can see range of 5300 to come after filling all gap in middle!
All the best!




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