Day Trading Guide
Nifty opened gap up and witnessed sustained buying interest on Friday to extend its gains towards 11,520 zones. It formed a bullish candle on the daily scale and a hammer candle on the weekly scale which suggests that the decline is being bought in the market. In the last two weeks, pull back is being sold so a follow up buying interest is more important to get a short term stability. Now it has to continue to hold above 11,450 zones to extend its gains towards 11,600 then 11,666 while on the downside support is seen at 11,450 followed by 11,333 zones.