Nifty May Pause at 18,900-19,000 but these stocks will drive up to 18%.
The recent high of 18,662 would remain immediate trigger for the bulls.
A sustainable move above the same might result in new high for Nifty50.
Market proved wrong when they said 'Sell in May and Go away'.
The Positive momentum in the month of may 2023,was maintained for domestic markets.
The mark 18600 was retested gradually by index Nifty and ended with gain over 2.5 percent.
In the month of May profit expectation booking zone from 18,200 - 18500, but bulls have managed to clear this zone.
Now, the indexing is near 88.9 percent retracement of the entire move from 18,887 to 16,800.
Heavy volatility in the market is witnessed once Volatility index(VIX) sneaks below 11 mark.
Traders to be wiser to keep booking profits from here onwards.