NS VIEWS:
RES:5147-5161-5177
SUP:5110-5092-5071

TOMMORROW NIFTY MAY OPEN FLAT AND MAY TRADE IN 5071 -5147 RANGE,

BUY ABOVE 5132 WITH SL 5118 FOR TGTS 5147-5161-5177
SELL BELOW 5117 WITH SL 5131 FOR TGTS 5092-5080-5071

IF AT OPEN NIFTY DOES NOT CROSS ABOVE 5132 AND SUSTAINS THEN CAN BE SHORTED THERE WITH SL JUST ABOVE 5161..AS HOURLY CHARTS ARE SHOWING NEGATIVE DIVERGENCES AND NIFTY MAY BE DUE FOR SOME CORRECTION OF 60-70 POINTS.


TOMORROW IF NIFTY CLOSES BELOW 5071 THEN SHORT POSITION CAN BE CARRIED FOR WEDNESDAY,MAY EXPECT SOME GAP DOWN OPENING AND RETEST OF 4980 LEVELS SOON.