Day trading guide for Monday SECTIONS Last Updated: May 16, 2021, 04:12 PM IST Share Synopsis The index has formed a bearish belt hold candle and started to form lower highs-lower lows from the last three trading sessions, writes Chandan Taparia. Agencies By Chandan Taparia The Nifty50 index opened on a positive note on Friday but failed to surpass a key hurdle of 14,750 and cascaded throughout the day. It witnessed some recovery from lower zones and managed to close on a flattish note below 14,700. The index has formed a bearish belt hold candle and started to form lower highs-lower lows from the last three trading sessions. Now, it has to cross and hold above the 14,750 zone to stabilise and see an upmove towards 14,900, and then 15,000. On the downside, support exists at 14,600 and 14,500.