NIFTY 50 VIEW FOR MAY

NIFTY IS PRESENTLY TRADING IN A 300 POINTS RANGE SINCE LAST 20 TRADING DAYS. IT IS PROBABLY FORMING A H&S PATTERN. IF IT FOLLOWS THE PATTERN THEN A MOVE UPTO 11300 IS POSSIBLE. IF IT BREAKS THE LIFETIME HIGH AND GIVES A CLOSING ABOVE THAT WE CAN WITNESS 12000-12200 LEVELS.