Update on Nifty and Banknifty Spot

Nifty Spot is clearly struggling as before at 10600-10650 range.   Banknifty is unable to get above 25000-25350.  Under the circumstances, a Struggling Nifty / Banknifty may show weakness and retrace somewhat during the month of May 2018 and we may see some movement later.  Nothing very clear till now Let us wait and watch.Break of 10500 level should be good for some pullback and breakdown below 24700 will bring further weakness in Banknifty.