Nifty outlook 09-May-2019

NIFTY
On 09-May Nifty is looking towards consolidation in first couple of hours and recovery thereafter the day. The nifty is at support line. Depending on the global markets set-up and chances soothing trade talks between US and China the said nifty recovery is likely to work for this week.

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One can look into IT pack (especially HCLTECH) to go long in case this theme works.

הפקודה בוטלה:

The global markets bleeding this morning. The pullback has no way to work today.