NS VIEWS(22ND APRIL):

RES:5268-5284-5300
SUP:5222-5206-5190

BUY ABOVE 5252 WITH SL 5238 FOR TARGETS 5268-5284-5300
SELL BELOW 5238 WITH SL 5252 FOR TARGETS 5222-5206-5190

TODAY NIFTY MAY TRADE IN 5222-5284 RANGE

TODAY NIFTY MAY OPEN FLAT AND MAY TRADE IN 5228-5260 RANGE WHICH IS CONGESTION ZONE FOR TIME BEING..BREAK OF 5222 OR 5266 MAY GIVE SOME DIRECTION TO TRADE NIFTY...MOST PROBABLY BREAK MAY COME ON UPSIDE..

YESTERDAY NIFTY TRADED IN VERY SMALL RANGE SO MAY EXPECT SOME VOLATILITY IN REMAINING 2 DAYS OF THIS WEEK.

TODAY IF NIFTY BREAKS ABOVE 5266 MAY TEST 5278-5284 RANGE AND IF SUSTAINS ABOVE THAT MAY SEE SOME SHORT COVERING WHICH MAY TAKE NIFTY UPTO 5300-5310RANGE.

IF NIFTY SHOWS SOME WEAKNESS DUE TO ANY GLOBAL CUES ,5222-5213 MAY BE STRONG SUPPORT ZONE FOR NIFTY INTRADAY.

CAN CARRY LONGS(BTST) IF NIFTY CLOSES ABOVE 5278 AND CARRY SHORTS ONLY(STBT) IF NIFTY CLOSES BELOW 5222

ADDITION OF O.I IN 5100PE AND 5200 PE OF 5LAKHS AND 3 LAKHS SHARES RESPECTIVELY WHILE UNWINDING WAS OBSERVED IN O.I OF 5300CE AND 5400CE OF 1.8 LAKHS AND 1.3 LAKHS RESPECTIVELY INDICATING SOME BIAS FOR UPMOVE

I AM EXPECTING NIFTY TO SHOW A BIG UPMOVE IN COMING DAYS OF THIS SERIES TILL NIFTY DOES NOT CLOSE BELOW 5222(MAY EVEN SEE ANYDAY 100+POINT MOVE INTRADAY)