The Nifty50 closed 346 points lower at 17,530. On a weekly basis, the index corrected 1.7 per cent. It formed a bearish engulfing candle after two consecutive bullish candles, which suggests that the momentum could take a breather.
Nifty on Wednesday ended about 39 points lower to form a Shooting Star pattern on the daily chart to indicate a strong possibility of further
Nervousness on Dalal Street as Nifty bulls debate ‘Sell in May and go away’. Positive April returns trigger unease. US Fed meeting hints at rate
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