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Trade Setup: Nifty has significant support at 14,299; use up moves to protect profits


Trade Setup: Nifty has significant support at 14,299; use up moves to protect profits
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Synopsis
Friday s session is likely to have a stable start to the day. The levels of 14,650 and 14,700 will act as resistance points, while support will come in at 14,500 and 14,415 levels.
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India VIX is moving back and forth every day given the wider than usual trading range. Overall, the fear gauge is trading much around its lower range. This shows that the overall volatility is at its lower range over the past couple of months.
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Opening after a gap of one day, the domestic equity market continued to underperform its global peers and failed to capitalize on the relatively better and buoyant setup as it managed to end the day with a modest gain on Thursday. ....

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