INSUBCONTINENT EXCLUSIVE:
NEW DELHI: NSE Nifty snapped a two-day winning run on Thursday and ended up forming a bearish candle on the daily chart
closing 30.70 points, or 0.26 per cent, down at 11,968.40, the 50-share index moved between a high and a low of 12,028.20 and 11,956.90,
Concerns over delay in US-China trade deal and Federal Reserve minutes fuelled negativity in global markets.
Mazhar Mohammad, Chief
be hinting at an impending weakness, which will be confirmed on a close below 11,896 level
12,038 will negate the current bearish view by extending the strength towards 12,103, Mazhar added.
Bank Nifty on the day witnessed a
flattish session as the market witnessed a phase of consolidation
The broader structure continues to remain positive and the uptrend is intact
in a defined range, the Nifty ended up forming a small engulfing bearish candle following a Doji that emerged on Wednesday
Gemstone Equity Research - Advisory.