Day Trading Guide by Kotak Securities

As the Nifty reversed from 7,600 and closed below 7,540, it means we are still into the trading range 7,400 and 7,585. Currently the nifty is down by almost 100 points and it may extend its losses to 7,440. Around 7,440 one must look for taking a contra call of buying with a stop loss at 7,400. Below 7,400 it has scope to fall to 7,250 levels in a short span of time. Till the market is not breaching 7,440 it may again move to 7,550 levels.