Day trading guide for Tuesday: After showing higher level weakness on Friday, Indian stock market continued with sharp decline on Monday and closed in negative territory.
The negative chart set up like lower tops and bottoms is intact on the daily and weekly chart and the recent swing high on Ne Nifty of 17,489 could now be considered as a new lower top of the sequence.
On day trading strategies for intraday traders; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, “The short term trend of Nifty continues to be negative.