Nifty is extremely oversold and in coming week I expect bounce till 11480 if closes above 11350. One can trade Nifty with Bull Call Spread strategy. Buy 11250 Nifty call and Sell 11450 Nifty Call (Both from 16 May 2019 expiry) Exit when Nifty reaches 11350 - 11400 range. If Nifty breaks 11200, it can fall upto 11000 -10945 quickly.
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