Nifty Expiry Estimate May 31st Series

Nifty come down sharply as we expected. Now it is near 38% retrenchment and withing 100 point gap there are more support exit. January high is there at around 5940, Weekly second support is at around 5889. and 50% retrenchment is around 5850.

Nifty may stay in the range 5850 to 5940 till expiry.