The index breached its important support levels, and pullback rallies should be utilized to initiate fresh short positions. The higher-end resistance is visible at the 39,500-40,000 zone, and the next support is seen at the 38,000 level.
Should Nifty bulls ‘sell in May and go away’, not return until election result day?
Nervousness on Dalal Street as Nifty bulls debate ‘Sell in May and go away’. Positive April returns trigger unease. US Fed meeting hints at rate