Day Trading Guide
The daily chart of Nifty saw a breakdown from the immediate oscillating range of 7750-7600. Immediate support for the index is placed at 7500 below which 7400 -7300 could be an immediate movement. Pullback, if any, will make the reward to risk lucrative for liquidating long positions with an expectation of buying lower. Short-term traders could resort to a temporary sell on rise mode with a stop above 7740.