Nifty Prediction for May 13 - Tanmoy Ghosh

Spot Nifty will be very positive only above 4996.60. Below this level, short the Nifty for a target of 4913, which is a strong support level. The move above 4996.60 has a target of 5040.25, and 5067.25 to 5111.65. There is strong resistance at this level. We anticipate the trend to be intact above 5040.