Nifty is giving parallel channel breakout with an immediate target of 15155 within 19.05.2021. There was a strong resistance at 14939, which Nifty broke decisively. Next targets are 15155-15300. Strong support is getting built up at 15000 with new Put writing. Above 15100, almost 90lacs call shorts are still there. If Nifty sustains above 15100 then huge short covering will be seen, which will pull the Nifty towards 15200 and 15300 as final target in this weekly expiry. Buy Nifty above 15125 as it is a strong resistance on Daily chart, with a SL at 15000. It is expected that Nifty will break this resistance by the end of the day, as metals, banking, NBFC and IT all are supporting Nifty.
Disclaimer- This is purely based on trading ideas and technical analysis. I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. Always trade, based on the data not on your intuition and use SL.