Day trading guide: 2 stock recommendations for Friday SECTIONS Last Updated: Apr 29, 2021, 04:58 PM IST Share Synopsis Nifty50 has reached slightly overbought levels on shorter time frame charts and a stiff resistance is seen between 14,950-15,000 levels. Failure to breakout of this hurdle immediately may trigger profit booking to levels of 14,750-14,650. Agencies RSI has turned lower from an overbought territory, suggesting a temporary pause before Nifty resumes its upward journey. Related YES Securities Indian benchmark Indices ended a volatile expiry session marginally higher with a gain of 30 points, making it the fourth straight session of higher closing. Further, the Nifty50 index added 4% in this expiry amidst a spike in volatility. However, following the sharp up move this week, Nifty50 has reached slightly overbought levels on shorter time frame charts and a stiff resistance is seen between 14,950-15,000 levels. Failure to breakout of this hurdle immediately may trigger profit booking to levels of 14,750-14,650.