view for 18th June

Expect Nifty to open flat around 5280 and make an attempt at Peak 5300 but I expect a significant correction from those levels today in late trade. RBI has been hinting at a rate hike in view of rising inflation and may announce it on weekend. Traders may not like to carry their open positions on weekend and may book profits at higher levels. My Nifty range for the day is 5180-5310 with reality and banking likely to take a hit.