Nifty outlook 15th May

NSE:NIFTY   Nifty 50 Index
Nifty outlook for today. NSE:NIFTY
1. Foreign markets rallied yesterday by about a percent on China US trade tensions ease
2. Nifty will have duel stress, global as well as domestic due to nearing election results.
3. Nifty likely to remain flat with narrow trade band of about 80 point (11170 - 11250)
4. At least first half until 1230 shall be quite and likely to follow the yellow path.
5. If breakout happens in the afternoon the the green and red are the paths. Most likely Red.
6. No trade. If one has to, its a short.
May 15
Comment: Nifty to settle between 11180 to 11210
May 15
Comment: Nifty is in Red. A volatile session. But Nifty put 11000 was a enjoyable ride. Will continue to be under pressure.


An outlook, not a call.
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