Nifty’s rejection near 0.7580 if followed by a break below 0.7527 would open doors for a drop to 7405 levels. On the contrary, a break above 0.7580 could crowd out shorts and expose 7662.
As of now, the prospects of a bearish move look strong.
Strategy -Sell Nifty future @ 7569 & Sell 7400 PE May expiry @ 96.00
stop loss – 7590