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NIFTY MOVE FOR THE MAY MONTH EXIRTY

Short
NSE:NIFTY   Nifty 50 Index
As nifty has seen sharp recovery in the April Series 2020 and We have seen a sharp up move, And Now Nifty is trading near to resistance levels. We expect correction in the May 2020 Series, On the Last Friday when Indian Markets were closed on the occasion of Labor Day, Singapore Nifty corrected more then 500 Points.

9800- 10000 are the key levels to be watched, If Nifty closes above 10000 we may see huge buying attraction in the market. Till its trading below 10000, those who were long on lower levels, we recommend they should book profits and take and exit from the Nifty .

Fresh Investments into heavy Weights of Nifty50 should be done once Nifty either closes above 10000 or breaks the levels of 7500 on the lower side. For the May series we may see trading range for the Nifty to be 10000 on the upside and 7500 on the lower side.