NIFTY MAY PROBABLY OPEN WITH POSITIVE BIAS ABV 4890 ON MONDAY AND MAY FACE STIFF RESISTANCE IN 4959-4975 RANGE WHERE AGGRESSIVE SHORTS CAN BE CREATED WITH SL ABV 4988 FOR INTRADAY FOR TRGTS OF SUB 4900 LVLS.
SHORTS SHOULD BE EXITED ON MONDAY AS I AM EXPECTING A SHORT TERM RALLY TOWARDS 5100 AGAIN IN NEXT 5-7 TRADING SESSIONS,BUY NIFTY IN 4840-60 RANGE
WITH SL BELOW 4800 ON CLOSING BASIS
IF OPENS FLAT OR WEAK THEN STRONG BUY IS RECOMMENDED IN 4840-50 RANGE FOR NEXT 5-7 TRADING SESSIONS WITH SL BELOW 4800 ON CLOSING BASIS
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