nifty outlook for 18.05.07

NIFTY ANALYSIS- as we predicted that in this week we make a new high so we are there for today I am expecting consolodiation ..market can trade in a range bound but 4250 levels are so important if it crosses then sure we headed towards 4300 today itself but not so much chances to cross as I am expecting and state you all that after making new high we have slight u turn and it was observed in today’s market in last session we saw a sudden cooling off in the markets .b cautious today .dont take over positions b stock specific now I can suggest IT sector is looking safe bet for day trading as well as short term also .