Nifty on Friday ended 160 points higher to form a Doji candle on the daily chart as the index reclaimed its short-term moving averages but lacked decisiveness. As long as the sharp opening downside gap of Wednesday remains open at 21,970, there is a higher probability of a ‘sell on rise in the market for the short term. Immediate support is at 21,550 level, said Nagaraj Shetti of HDFC Securities.
Nifty on Thursday ended around 36 points to form a small green candle with a long lower shadow on the daily charts while trying to cross the immediate resistance at 20115 levels on monthly expiry day
A rally on Wall Street in November came to a halt on Monday, with the markets taking a post-Thanksgiving pause and watching out for fresh policy cues after data signaling easing inflation bolstered hopes the Fed was likely done raising interest rates
Indian equity indices shed early gains to end flat on Thursday, as IT stocks pulled back after a recent rally. Ciplas slide following the US health regulator s warning letter also contributed to Sensexs lacklustre gains on Thursday.