Nifty InstaView 05 May’21: And now an Inside Bar



Nifty View: Benchmark Nifty traded within yesterday’s high-low range to end as an “Inside Bar” in today’s session. Though restricted within a narrow range, still we noticed some degree of intra-day volatility. The underlying short term trend though DOWN is attempting a reversal on the upside. A break above yesterday’s high of 14,765 is likely to infuse fresh buying impetus. A slip below the short term support of 14,460 will set fresh pessimism in the over all market. Get ready for a move soon.     


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