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

The Nifty index opened on a fairly negative note on Monday, saw selling pressure, and finally ended lower at 23,382 level. The volatility index, India VIX, rose 5.55% to 14.45, indicating an increase in market volatility.

Technically, Nifty formed a red candle on the daily scale, indicating…