The most prominent stock market: NIFTY to extend weakness less than 23290, forms a red candle. How to trade on Tuesday

The NIFTY index was opened on a marginal negative note, witnessed the pressure pressure, and finally settled today in a negative note at the level of 23,382. The volatile index, India Vix, 5.55 % to 14.45, indicates an increase in market fluctuation.

Technically, NIFTY formed a red candle on the daily scale, indicating weakness. However, the support index was found near the simple moving average for 21 days (DSMA), which is placed in about 23290; In the upward direction, 50 points are placed in about 23,740, which will serve as a decisive obstacle, followed by 23800. Keeping below, 23290 can extend more weakness in the indicator. “Mehta Investment Investment said.

In open interest data (OI), the highest OI was observed on the side of the calls at a price of 23,600 and 23,500 strike prices, while the highest OI price was at 23300 the strike price followed 23,400.