NIFTY View

NIFTY still moving around simillar zone which it has developed since last 2 months. But as long as the level of 15080 is not crossed on upside the medium term texture is not going to change. Short term rallies would occur and would be sold into. Had a moderately Bearish view a month back would continue to have same a month later as well. Yes reasonable rally is possible above 15080 but until it isn’t crossed personally would avoid any positional longs. On TIME front 19th May and 25th May are Important upcoming vibration days important to watch for short term high and lows. On Price front levels of 14490 and 14270 shall be tested in coming days. Over all Market has struggled to trend on either sides. So until market gives a clear direction should focus on taking small profits. The complex Forecasting method still suggests 13800 in pipeline. So would keep this point in mind.