Nifty seems to have immediate support at 14,850 followed by 14,700. It is likely to face resistance around the 15,250 – 15,300 zone followed by 15,500.
The market was plunged into crisis last month when Reddit users trading on low-cost retail platforms banded together to drive up the prices of GameStop and other stocks, squeezing hedge funds that had bet against those shares.
Shares in Australia and Japan struggled for gains on Friday where trading volume was relatively low as many markets in the region are closed for the start of the Lunar New Year holiday.