Tech view: Nifty forms red candle; 24,360 holds key for further upside. How to trade on Thursday

If Nifty holds Wednesday’s low of 24,150, a rebound to 24,350 is possible. However, sustaining above 24,360 (100-DEMA) is crucial for further gains. Below this level, traders should remain cautious, advises Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.