Trade Setup for May 19: Nifty bulls hope Monday’s 350 point recovery is not a ‘trap’

What also needs to be monitored going into Tuesday’s NSE weekly expiry is that for how long will the IT stocks keep piggy-backing on a weak rupee. It was IT that led the recovery on Monday before HDFC Bank, Reliance Industries and other heavyweights also stepped up to play their part.

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