Nifty is following the way given in the chart and faced resistance above 5029 levels as shown in chart with red line it again seems that markets are highly volatile due to the globle cues I still advice to buy on dip and sell on rise as we are at the lower end of the channel also there is good news of ambani brothers which help the market to cross above 5000 but European markets which started 1% higher later slipped into the red and turned out to be the sentiment dampner. I am still bullish and would request to buy on dip until 4830 holds always try to buy near day support and sell at day resistance which shall be more profitable do not keep any positional trade as said ago that we might be in trading range of 4800 – 4950 till expiry and june can give a big rally but as it is not yet confirmed that the trend is up which shall be above 5080 levels unless it trades below 5080 one can buy on dip and sell on rise
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