NIFTY VIEWS

this week ns traded in 5854 -5969 range

as per our post last week our expected range was 
 next week broader trading range will be 5872-5967 range

NEXT WEEK TRADING RANGE EXPECTED IS 5810-6022 NS

  EXPECTING  NIFTY TO OPEN WITH SMALL POSITIVE BIAS ON MONDAY NEAR 5904NS AND MAY FALL SHARPLY TOWARDS 5808-5823 RANGE INTRADAY AND MAY CLOSE NEAR DAYS LOW SO THAT MORE SHORTS WILL BE INDUCED AND
WILL START TO MOVE UP FROM TUESDAY WITH GAPUPS OPEN SO THAT ENTRY FOR LONGS WILL BECOME DIFFICULT FOR INTRADAY TRADERS AND SHORTS WILL BE BUTCHERED THIS WEEK

MAY MOVE UPTILL 6022 THIS WEEK

5848-5808 RANGE HAS TOO MANY SUPPORTS
5815 WAS PREV HIGH
5823 WAS LOWS FROM WHERE NIFTY STARTED ITS UPMOVE FOR 6112NS
5810 IS 21WEMA
5848 IS 100DSMA

START ACCUMULATING LONGS ON ANY DIPS FROM 5850-5810 AS PER YOUR RISK CAPACITY
SL FOR POSNL LONGS IS BELOW 5770NS
BELOW 5769 BEARS WILL HAVE UPPERHAND AND NIFTY MAY GO INTO BEARISH ZONE AS NIFTY WILL BREAKDOWN FROM  CHANNEL LOWER  TRENDLINE  SUPPORT.



SL ABV 5941NS ON CLOSING BASIS FOR SHORTS
OR ABV 5970 INTRADAY