Nifty50 Bearish 7th may

NIFTY50 7th may

Nifty50 has a strong rejection line at 9320. If it rejects with a 15min red candle, its likely to find support at 9200 followed by 9135.

If Nifty50 breaches 9320, then will trade in the channel of 9320-9390 to find a breakout.
Likely to trade sideways because of expiry
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