“During the trading period, the Nifty Index fell short of reaching the significant milestone of 20000 by a mere 9 points and experienced a sharp correction, primarily driven by declines in IT sector stocks. The correction resulted in a notable drop in the index’s value, indicating bearish sentiment in the market. The price chart of the Nifty Index displayed a Doji candle pattern, often interpreted as a sign of indecisiveness among traders.”
F&O Talk| Indian markets in mature uptrend, Nifty now eyeing 26k: Rahul Ghose
Markets snapped their five-week-long consolidation trend, driven by improving global cues, easing geopolitical concerns, and a renewed uptick in foreign institutional investor (FII) buying during