What does Gann say about Nifty

Scenario 1:These angles would tell you where are the important support and resistance points. These lines look like simple trend lines but they are some angles which tell you the final resting places for Nifty. If we have a look at this chart it tells you that in the weekly chart Nifty is still holding that trend line and below that it would take Nifty to 4200-4300 levels. As of now these extreme levels are irrelevant as we are no where close to that. In the current scenario Gann angles say there is a well tested angle (which i have marked in red color) and currently it is placed around 5200 levels in the weekly chart. If it surpasses that level the next level appearing in the weekly chart would be 5600 on the upside.As it is the weekly chart 5200-5250 levels will be marked at the same angle resistance line and this angle could play as a resistance point for the current up move.Blow 4630 levels the angles are not offering any support levels and a fall could be extended towards 4200-4300 levels.
Scenario 2: If nifty is getting close to 5200 and the angle is in a upward slopping line it could offer decent support close to 4900-4850 levels as you see in the chart.Thus Nifty could form a higher bottom , higher top formation which is actually a bullish pattern for the short term.