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ipuneet
May 5, 2020 2:50 AM

Nifty - 9355 and 9406 are important for long side trades. Short

Nifty 50 IndexNSE

Description

Nifty opened gap down following global trends, slid down to support line of the wedge.

Tuesday is likely to see the levels of 9365 and 9395 as immediate resistance points. The supports may come in at 9266, 9230 & 9105.

May series, open interest slid by 2.8% with the yesterday's slide, option chain data suggests Night might have to struggle beyond 9350-9400 levels.
Comments
inderjeet05
Shorting now is very risky! Esperically since globally you are in recovery environment.
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