Day trading guide for Tuesday: After showing range bound movement in the last couple of session, Indian stock market witnessed failed upside breakout on Monday, as it slipped into weakness from the highs.
On a day when the volumes on the NSE were higher than recent average; realty, oil & gas, telecom and FMCG indices lost the most while Consumer Durables index barely managed to end in the green.
Speaking on day trading strategy for Tuesday; Nagaraj Shetti, Technical Research Analyst at HDFC Securities said, “The positive chart pattern like higher tops and bottoms is intact on the daily chart and any weakness from here could be a buy on dips opportunity.