Nifty Update for May 22 - Ready for Move - Inder Bhatia

DAILY CHART: The Indian market closed in the green zone. The market made a smart recovery from the 200-day EMA as shown in chart . Nifty is still in channel, but in coming session if Nifty crosses 5140, it can test 5170-5220. On the lower side, 5040 will be a strong support zone.