The bear trap made in the last 45 minutes on friday was totally nullified yesterday and it has proven the fact that, the move was only to throw away weak bears from the market.
Having said this, it is now expected that NIFTY can have three consequtive lower close into this expiry, reaching sub-4000 also. It seems like a possibility now.
Resistance levels : 4274, 4297
Support levels : 4197, 4156, 4117
Happy Trading
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