Day Trading Guide: 2 stock recommendations for Monday

Following Thursday’s large bearish candle, Nifty formed another bearish candle on Friday. Nifty retraced almost 1/3 (i.e. 33%) of its July-Oct up move, moreover 50-day average (near 17,570) levels are intact since mid May'21 on a closing basis. Hence, the immediate floor is seen near 17,600-17,550 zone and sustenance above the same is required for mild consolidation or recovery to set in.

from Markets-Economic Times https://ift.tt/3btFTW0