Nifty Update for May 5 - Inder Bhatia

The Indian market opened on a huge gap-up and closed near the day's high. Nifty saw a breakout from range and our target mentioned 3705 on a weekly basis. For the coming session trading above 3659, Nifty will touch the 3719-3752 zone. On the lower side trading below 3590 it will touch 3566-3533 zone. Key level to watch is the 3705 zone. Keep trailing with stoploss and lock profits.