Trade setup for Thursday: Top 15 things to know before Opening Bell
The formation of reversal and the bearish candlestick pattern could signal more weakness towards 13,765 levels in the next few sessions, says Nagaraj Shetti of HDFC Securities.
Sunil Shankar Matkar
January 27, 2021 / 10:49 PM IST
The Nifty50 ended in the red for the fourth consecutive session and lost nearly 2 percent on January 27 on across-the-board selling, except FMCG sector, ahead of the expiry of current month's futures & options (F&O) contracts on January 28.
The S&P BSE Sensex plunged 937.66 points or 1.94 percent to 47,409.93, while the Nifty50 fell 271.40 points or 1.91 percent to 13,967.50 and formed a Bearish Belt Hold pattern on the daily charts.