NIFTY VIEWS(20TH APRIL):

RES:5224-5240-5256
SUP:5188-5172-5156

BUY ABOVE 5212 SL 5188 TARGETS 5224-5240-5256
SELL BELOW 5188 SL 5212 TARGETS 5172-5156-5124

TOMORROW NIFTY MAY TRADE IN 5188-5256 RANGE

TODAY FII WERE NET SELLERS OF 756CR WHILE DII BOUGHT 570 CR

TOMORROW NIFTY MAY OPEN FLAT AND MAY TRADE IN SMALL RANGE TILL CREDIT POLICY IS DECLARED, TOMORROW BEING RBI CREDIT POLICY DAY MARKETS CAN BE VOLATILE,MAY SEE SOME SPIKE COMING ON ANNOUNCEMENT OF INTEREST RATES AND LATER PROFIT BOOKING IN LONGS MAY WIPE OUT SOME GAINS.

IF NIFTY COULD NOT BREAK ABOVE 5270 IN NEXT 2 DAYS MAY SEE ANOTHER RETEST OF 5150-5160 RANGE.IF 5150 IS HELD AGAIN THEN NIFTY MAY SEE STRONG UPMOVE BUT IF IT BREAKS MAY SEE TGTS OF 5128-5089-5050

TODAY 5200 CE SAW AN ADDITION IN O.I OF 18.3 LAKH SHARES INDICATING MAY SEE SOME RESISTANCE NEAR 5240,IF BREAKS ABOVE THAT MAY SEE SHORT COVERING IN NIFTY WHICH MAY SEE NIFTY MOVE UPTO 5256-5270 WHERE PROFIT BOOKING IN LONGS MAY BE SEEN