Nifty Future for May 15 - Rakesh Chandra

The market reacted at the same way as mentioned in yesterday's report: After the 5th down wave termination or failure, we will see upside in price. Now, matches are under the bulls control, but keep in mind bears are still smiling, hence volatility cannot be ignored.

An upside opening of Nifty future will again have a UT1 of 5066, and then there will be consolidation on 5-min scale. Then have to check posibility or truncation of 5th upwave. It depends upon how much time it has taken in consolidation and how much low it made. Let's leave this part to the market.

Intraday bullish level is 5,018;
Intraday bearish level is 5005;
(Check weekly report for upper and lower targets).