Nifty should take support or consolidate at 15800 level for a couple of days. Expecting limited downside and a retracement, if not reversal. Entered into a short selling postion at 15800 PE 19-May-22 expiry.
Expecting 16200 to be the Resistance Level. Believing that the Trend is still on the down side, Selling on the rise.
Nifty expected to take support at around 16400 levels.