In case of another recovery, I will stay Bearish as long as 39.47, the Key resistance, holds, a clear break of 39.47 will augur that the correction from 49.82 finished at 32.30, and a stronger rally could come on to retest this level. Inflation is expected to remain elevated after moderating to +5.3% Y-Y in April while other indicators, including retail sales, industrial production and fixed asset investment likely grew. Inflation rates are expected to 'stay clearly above 2% in the coming months'.