Tech View: Nifty50 confirms failed breakout, bears in driving seat

“The long bear candle of the last two sessions signals a faster downside retracement of the last 5-6 sessions of upmove. This is a negative indication and signal that bears are in a driver’s seat,” he said.For the day, the index closed at 17,490.70, down 267.75 points or 1.51 per cent.

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