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If market opens gap up and cross 5320-5337 then targets for Nifty is 5392-5444 or even 5550. But I am expecting downside and I strongly feel that market may open below 5260 which is major support. If it breaks 5260 in the morning trade then it may slide to 5161-5130-5100-5070. After reaching the lower targets then market may rally to the higher targets given above. All are spot levels. If it closes below 5070 then expect more downside. If it closes above 5418 then expect 5500-5550. I strongly feel that we going to witness both side levels before May 14th.
R.SIVAKUMAR
TRICHY
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