Tech View: Trends on Nifty remains positive, minor dips to open opportunity. Here’s how to trade on Wednesday 

Nifty ended Tuesday’s session with a small loss of 18 points to form a small red candle on the daily chart which indicated that bulls are getting tired at peaks.

The overall trend of Nifty remains positive. Further consolidation or minor dips from here could be a buying opportunity, as per the bullish pattern of higher tops and bottoms. Nifty as per long term chart remains strong and one may expect upside momentum to resume shortly after the consolidation movement. Immediate support is at 23980. The next upside resistance to be watched is around 24400, said Nagaraj Shetti of HDFC Securities.