Tech View: Nifty forms red candle, extends weakness below 23,290. How to trade on Tuesday

Tech view: Nifty formed a red candle on the daily chart, signalling weakness, but found support near the 21-day simple moving average (DSMA) at 23,290. On the upside, resistance lies at the 50-DSMA near 23,740, followed by 23,800. A drop below 23,290 could deepen losses. Traders should watch these key levels, advised Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.