02, May
Nifty 3557.60
Since Nifty is forming a large bullish triangle pattern, the legs are more violent in both the sides but as time passes, within the pattern the volatility will reduce. So, the violent moves like the one we have seen during this week would not happen in coming trading sessions.
Now Nifty has potential of testing 3600 region and after a brief consolidation around this region, it could move towards 3630 region. The stop for the longs is 3525.
