Tech View: Nifty forms long red candle, uptrend intact above 23,800. How to trade on Friday
- Posted on February 6, 2025
- By Business News Today
- 3 Views
![](https://img.etimg.com/thumb/msid-117984859,width-1200,height-630,imgsize-110060,overlay-etmarkets/articleshow.jpg)
Tech View: Nifty forms long red candle, uptrend intact above 23,800. How to trade on Friday
![](https://img.etimg.com/thumb/msid-117984859,width-1200,height-630,imgsize-110060,overlay-etmarkets/articleshow.jpg)
Tech view: The Nifty's near-term uptrend remains intact despite ongoing weakness, which may find support around 23,500-23,450 levels. A rebound from these lows is expected. A decisive move above 23,800 could trigger another leg of upside momentum in the market. Traders should closely monitor these levels for potential opportunities, said Nagaraj Shetti of HDFC Securities.